Moody's: Brunswick positive

Moody's Investors Service said it changed Brunswick Corp.'s outlook to positive from stable due to its expectation that its credit profile and earnings will continue to improve over the near to mid-term despite continued softness in the overall marine industry.

At the same time, all ratings were affirmed, including the B2 corporate family rating and probability of default rating, Ba3 secured notes, Caa1 unsecured notes and SGL 1 liquidity rating, the agency added.

"We believe Brunswick's continuing strong liquidity profile, vastly improved cost structure, enhanced health of its dealership network and strong product portfolio should enable it to capitalize on nascent signs of possible marine industry improvement," said Kevin Cassidy, senior credit officer at Moody's.

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