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Patriot Container Corp. -- Moody's changes Wastequip's outlook to negative; B2 CFR affirmed

Moody's Investors Service ("Moody's") affirmed its ratings for Patriot Container Corp. (dba "Wastequip"), including the company's B2 Corporate Family Rating (CFR) and B2-PD Probability of Default rating, and the B1 and Caa1 ratings for the first and second lien credit facilities, respectively. The change in outlook to negative follows the announcement by Wastequip that it has entered into a definitive agreement to acquire Amrep, Inc. ("Amrep"), a garbage truck and hoist manufacturer.