Moody’s Raises Academy’s Credit Rating
The ratings agency upgraded ASO’s corporate family rating to Ba3 from B1, the ratings on the senior secured term loan and notes to Ba3 from B2, and changed its outlook to stable from positive. Moody’s credited the retailer’s continued strong performance into the first quarter of 2021, as well as the reduction in KKR’s ownership to 31.7% and its expectation of balanced financial ... Log in to view full article.
