Moody’s Holds Varsity Brands Ratings Steady
Following Standard & Poor’s downgrade last week, Moody’s kept Varsity Brands’ corporate family rating at B3, its probability of default rating at B3-PD, and the rating on it senior secured first lien term loan at B2. But the BSN Sports parent’s outlook was changed to negative, citing the same school shutdown headwinds as S&P ... Log in to view full article.
