The final piece of ASO’s balance sheet improvement plan is retiring its existing $399 million term loan with $100 million of its balance sheet cash and a new $300 million term loan due in 2027. Moody’s assigned a B2 rating to the new loan, and maintained ASO’s positive outlook and B1 corporate family rating consistent with the retailer’s other debt. Standard & Poor’s raised its issuer-credit rating to B+ from B, and assigned a B+ issue-level rating ... Log in to view full article.