Moody's lifts RVR Dealership

Moody's Investors Service said it upgraded its ratings for RVR Dealership Holdings, LLC, including the corporate family rating to B1 from B2, the probability of default rating to B1-PD from B2-PD and its senior secured term loan maturing 2028 to B1 from B2.

"The upgrade to B1 reflects RVR's significant growth in scale, solid operating performance and improved credit metrics along with our expectation of continued strength in retail demand for recreational vehicles in 2022, as evidenced by record industry order backlogs, which supports continued solid operating performance, good free cash flow generation, and moderate leverage over the next 12-18 months," stated Stefan Kahandaliyanage, a Moody's vice president, in a press release.

The outlook is stable.

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