Moody’s Keeps Vista Outdoor’s Outlook Negative on Deal Risk
The ratings agency maintained VSTO’s Ba3 corporate family rating and B1 senior unsecured notes rating, but lowered its speculative grade liquidity rating to SGL-2 from SGL-1 on concerns the ammo business sale to Czechoslovak Group might not go through. That was also the justification for maintaining a negative outlook on the company. Moody’s noted that a $205 million secured term loan debt maturity comes due in Aug. 2024, by which ... Log in to view full article.
