Remington Debt Downgraded by Moody’s
In the wake of reporting weak Q3 results, the rating agency said it was lowering the gunmaker’s credit rating to B3 from B2 on its $580 million secured term loan due in Apr., 2019 and lowering its rating on the $250 million secured notes to Caa2 from Caa1. The downgrades reflect Moody’s belief that ... Log in to view full article.
