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Moody’s ups Bombardier Recreational, loans
Moody's Investors Service said it upgraded Bombardier Recreational Products Inc.'s (BRP) corporate family rating to Ba3 from B1, probability of default rating to Ba3-PD from B1-PD, senior secured revolving credit facility rating to Baa3 from Ba1 and senior secured term loan rating to Ba3 from B1, and affirmed the SGL-2 speculative grade liquidity rating.
The outlook remains positive.
"The upgrade reflects BRP's good operating performance and strong credit metrics," Peter Adu, Moody's lead analyst for BRP, said in a news release.
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