Moody’s Weighs-in On Vista Outdoor’s New Credit Facility
The ratings agency upgraded VSTO’s speculative grade liquidity rating to SGL-2 from SGL-3 after it closed on its new $600 million senior secured credit facility, but the rating outlook remains negative. Moody’s said Vista’s ongoing transformation plan to sell parts of its business has continuing risks, and there is also uncertainty over when gun and ammunition demand trends will stabilize. The ... Log in to view full article.