Moody’s revises Bass Pro's outlook to stable

Moody’s Investors Service said it revised Bass Pro Group, LLC’s outlook to stable from positive and affirmed the company’s Ba3 corporate family rating, Ba3-PD probability of default rating and B1 senior secured rating.

“The outlook revision reflects revenue and earnings weakness relative to plan that has reduced the pace of debt reduction, and so leverage will not drop to the threshold for an upgrade in the near-term. The affirmation of existing ratings reflects the company’s continued ability to exceed its cost synergy targets that has helped offset top line pressure and maintain credit metrics,” said Moody’s analyst Peggy Holloway.

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