Vista Outdoor Outlook Upgraded by Moody’s
The ratings agency changed VSTO’s rating outlook to positive from negative, citing improved EBITDA margin and the positive trend in its ammunition business. Moody’s hailed the progress of ongoing restructuring efforts and commitment to debt and leverage reduction, and said that it expects operating performance to improve over the next 12-18 months on stronger demand for ammunition. But it cited the ... Log in to view full article.