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Article Date: June 2019
Word Count: 138

Moody’s Lowers Outlook on Camping World, Citing Gander


The rating agency confirmed all corporate ratings, including the B1 corporate family rating, but changed the outlook to negative from Under Review, citing both the increased costs from the integration of Gander and the downturn in the RV market. Some $100 million in Gander-related costs in 2018 increased EDBITDA leverage to 5.7X and EBIT interest to 2.3X. While its leading market position and multiple revenue streams are seen as ... Log in to view full article.

 


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