Moody's upgrades Sally Beauty's CFR to Ba1
Moody's Investors Service ("Moody's") today upgraded the corporate family rating of Sally Holdings LLC ("Sally") to Ba1 from Ba2 and its probability of default rating to Ba1-PD from Ba2-PD. Concurrently, Moody's upgraded the rating of the company's senior secured term loan to Baa3 from Ba1, upgraded...Sally Beauty Holdings is a holding company. Through its subsidiaries, the company is an international retailer and distributor of beauty supplies with operations in North America, South America and Europe. The company's business segments are: Sally Beauty Supply (SBS), which is an open-line retailer of beauty supplies; and Beauty Systems Group (BSG), which is a beauty supply distributor. SBS stores and websites carry beauty supplies, featuring beauty products across product categories including hair color and care, and skin and nail care. The company features beauty products in its BSG stores across product categories including hair color and care, skin and nail care, styling tools and other beauty items.
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