Moody’s provides Baa3 to Fossil loans

Moody's Investors Service said it assigned a Baa3 rating to Fossil Group, Inc.'s senior unsecured bank credit facilities consisting of a $1.05 billion revolving credit facility and a $231 million term loan A due May 2018.

The outlook is stable.

Moody’s said the rating reflects the proposed amendment to the credit facilities wherein it is anticipated that the obligor will be Fossil’s parent company and the agency’s expectation that debt will be maintained at this level.

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