Moody's Ratings withdraws Viad's ratings following debt repayment after the sale of its GES business.
Moody's Ratings (Moody's) withdrew all of Viad Corp's ("Viad") ratings, including the corporate family rating ("CFR"), the B2-PD probability of default rating ("PDR"), the rating on the senior secured first lien bank credit facility due 2028, and the outlook. Prior to the withdrawal, the ratings wer...Viad is an experiential services company with operations in the U.S., Canada, the U.K., continental Europe, and the United Arab Emirates. The company operates through two business groups: GES U.S. and GES International, which is a live events company that produces exhibitions, conferences, corporate events, and consumer events including audio-visual services from technology to content and design, along with registration, data analytics, engagement, and online tools powered that help clients manage their events; and Pursuit, which is a collection of travel experiences that include recreational attractions, hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services.
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