Moody’s upgrades REV Group to B1

Moody's Investors Service said it upgraded the corporate family rating and probability of default rating of REV Group, Inc., formerly Allied Specialty Vehicles, Inc., to B1 and B1-PD from B2 and B2-PD, respectively.

Concurrently, the agency affirmed the rating on the company's senior secured notes at B3.

The outlook is stable.

Moody’s said the upgrade is based on its expectation that the company will sustain credit metrics appropriate for the higher ratings due to an improving revenue and EBITDA stream with anticipation of further growth stemming from positive end-market fundamentals and proactive actions the company has been taking to increase profitability.

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