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TurboCombustor Technology, Inc. -- Moody's upgrades TurboCombustor ratings (CFR to B3); outlook stable

Moody's Investor's Service ("Moody's") upgraded its ratings for TurboCombustor Technology, Inc. ("TurboCombustor"), including the Corporate Family Rating (CFR) to B3 from Caa1 and its Probability of Default Rating to B3-PD from Caa2-PD. Concurrently, Moody's upgraded its ratings on the company's senior secured term loan and senior secured revolver to B3 from Caa1.