Moody's turns Douglas Dynamics view to positive

Moody's Investors Service said it changed the outlook to positive from negative and affirmed all of Douglas Dynamics, LLC's ratings, including the B2 senior secured rating.

“The change in outlook to positive reflects Douglas Dynamic's demonstrated commitment to maintain a conservative balance sheet with optional debt repayments, which Moody's expects will result in debt/EBITDA around 3x and free cash flow to debt in the mid-single digit range during 2021 despite ongoing headwinds, specifically supply chain constraints and cost inflation, that will persist through the year,” Moody’s said in a press release.

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