Moody’s changes Thor view to stable

Moody’s Investors Service said it changed the outlook to stable from negative and affirmed its ratings for Thor Industries, Inc., including the company’s B1 corporate family rating and B1-PD probability of default rating as well as the B2 rating on the company’s senior secured term loan. The company’s speculative grade liquidity rating remains unchanged at SGL-2.

“The stable ratings outlook reflects expectations of more favorable retail trends in the RV market in coming periods, particularly in the U.S., as well as expectations of a growing backlog that should support a more stable operating environment in fiscal 2021,” Moody’s said in a press release.

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