Moody’s Puts Camping World on Review for Downgrade
The ratings agency cited CWH’s increased debt to EBITDA leverage of 5.2x, caused largely by the $50 million in Q4 of Gander Outdoors-related costs, for the decision to review its B1 rating. A significant drop-off in RV sales in all categories last quarter was also to blame, Moody’s ... Log in to view full article.