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Moody’s might cut Zuffa
Moody's Investors Service said it placed Zuffa, LLC's Ba3 corporate family rating, Ba3 first-lien credit facilities and Ba3-PD probability of default rating on review for downgrade.
The review was prompted by the announcement Zuffa entered into a definitive agreement to be acquired by a group of investors led by WME Entertainment Parent, LLC.
Moody's expects the existing outstanding debt at Zuffa will be repaid upon the closing of the transaction and the ratings for the existing credit facility will be withdrawn upon repayment.
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