Moody’s rates Wabash loan B1

Moody's Investors Service said it affirmed Wabash National Corp.'s corporate family rating at Ba3 and probability of default rating at Ba3-PD.

Moody's also said it assigned a B1 (LGD 5) rating to the company's amended and re-priced senior secured term loan due 2022.

The Ba3 rating on the existing term loan due 2022 will be withdrawn.

The SGL-1 speculative grade liquidity rating also was affirmed.

The outlook remains stable.

The ratings consider the company's leading market position in the truck-trailer manufacturing market, its ability to generate strong cash flows and its prudent deployment of cash towards debt repayment, Moody’s said.

The ratings also reflect the robust demand conditions driving the company’s strong cash flow profile in recent years, as well as its improved the credit profile, the agency said.

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