Moody’s Downgrades Vista Outdoor
Following Standard and Poor’s downgrade of VSTO last week, Moody’s has also cut the company’s corporate family rating to B2 from B1 due to its continued weak operating performance. The ratings agency also reduced Vista’s probability of default rating to B2-PD from B1-PD, and senior unsecured rating to Caa1 from B3. Moody’s called out “relentless social pressure regarding possible ... Log in to view full article.