New York, April 26, 2013 -- Moody's Investors Service downgraded NexTag Inc.'s ("NexTag") corporate family rating (CFR) to B2 from B1, its probability of default rating to B3-PD from B2-PD, and the rating for the company's senior secured credit facilities to B2, from B1. Moody's revised NexTag's ratings outlook to negative from stable. The rating actions reflect Moody's expectations of NexTag's weak levels of profitability and limited liquidity in the near to intermediate term.
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