Moody’s changes Energizer view

Moody's Investors Service said it affirmed Energizer Holdings, Inc.'s B1 corporate family rating and B1-PD probability of default rating.

Moody's affirmed the Ba1 ratings on the company's senior secured first-lien term loan due 2027 and senior secured first-lien revolver due 2025 and affirmed the B2 rating on Energizer's senior notes.

Moody's also affirmed the B2 rating on the backed senior notes issued by Energizer Gamma Acquisition BV and guaranteed by Energizer Holdings.

Energizer's SGL-1 speculative grade liquidity rating is unchanged.

The outlooks were changed to stable from negative.

“The ratings affirmation and outlook change to stable from negative reflects Moody's expectations that Energizer's credit metrics will continue to improve over the next 12 months including from debt reduction,” the agency said in a news release.

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