Moody’s changes Hillman Group view

Moody's Investors Service said it affirmed Hillman Group Inc.'s ratings, including its B1 corporate family rating, its B1-PD probability of default rating, and the B1 rating on the company's senior secured first-lien credit facility, consisting of a $835 million term loan due 2028 and a $200 million delayed-draw term loan due 2028.

The outlook was changed to stable from negative, and the company's speculative grade liquidity rating was upgraded to SGL-1 from SGL-2.

The agency said the stable outlook reflects that Hillman's improved credit metrics and very good liquidity provide financial flexibility to navigate a challenging operating environment and to fund business investments over the next 12 to 18 months.

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