Moody’s More Optimistic About Interface Credit

New York, NY, Sept. 13, 2010–Moody’s Investors Service last week changed its outlook for credit ratings on carpet tile maker Interface Inc. to “stable” from “negative.”

Moody’s also affirmed the company’s “B1” corporate family and probability of default ratings.

“B1” is a junk bond rating four notches below investment grade.

The change came about because Moody’s expects the company’s recent improvement in profitability and credit metrics will be sustainable over the near term.