Moody’s flips Anywhere view to negative

Moody’s Investors Service said it changed its outlook for Anywhere Real Estate Group LLC to negative from positive.

"The rapid decline in Anywhere's revenue and profit in late 2022, the near certainty of a very weak existing home sale season this spring and summer and the dominance of downside risks over upside potential for the company's performance over the next 12 to 18 months leads to the pivot of the outlook to negative from positive," said Edmond DeForest, a Moody's senior vice president, in a press release.

The agency also affirmed Anywhere's corporate family rating at B1, probability of default rating at B1-PD, senior secured bank credit facilities at Ba1 and senior unsecured notes at B2. The speculative grade liquidity rating is SGL-1.

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