Fanatics Commerce Outlook Changed to Negative
Moody’s maintained its Ba3 corporate family rating for Fanatics Commerce, but reduced its rating on the senior secured term loan B to B1 from Ba3, while revising its outlook to negative from stable. The ratings agency believes an increasingly difficult operating environment will continue to impact earnings and cash flow, with the added burden of investments made in preparation for new licensing rights. Moody’s adjusted leverage ... Log in to view full article.
