Moody’s upgrades Dealer Tire, loans to B1

Moody's Investors Service said it upgraded Dealer Tire, LLC’s corporate family rating to B1 from B2, probability of default rating to B2-PD from B3-PD and senior secured revolving credit facility and term loan ratings, each to B1 from B2.

The outlook is stable.

"The upgrades reflect our expectation that Dealer Tire will continue to benefit from the exclusive relationship it has with auto OEMs and dealerships and outperform the industry over the next 12-18 months," Inna Bodeck, Moody's lead analyst for the company, said in a news release.

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