Moody’s Revises Bass Pro Outlook to Stable from Positive
The ratings agency said that revenue and earnings weakness will reduce the pace at which the outdoor retailer can pay down debt, and it expects its adjusted debt/EBITDA to remain at 5.2x-5.5x through 2020. EBITDA is expected to grow modestly over the next 12-18 months, and Moody’s affirmed Bass Pro’s Ba3 corporate family rating, Ba3-PD probability of default rating ... Log in to view full article.
