Moody's changes ratings outlook for Thor Industries to stable, affirms B1 CFR
Rating Action: Moody's changes ratings outlook for Thor Industries to stable, affirms B1 CFR. Global Credit Research- 30 Jun 2020. New York, June 30, 2020-- Moody's Investors Service affirmed its ratings for Thor Industries, Inc., including the company's B1 corporate family rating and B1-PD probability of default rating, as well as the B2 rating on the company's senior secured term loan.Thor Industries is a manufacturer of recreational vehicles. The company has three segments: North American Towable Recreational Vehicles, which consists of: Airstream (towable), Heartland (including Bison, Cruiser RV and DRV), Jayco (including Jayco towable, Starcraft and Highland Ridge), Keystone (including CrossRoads and Dutchmen) and KZ (including Venture RV); North American Motorized Recreational Vehicle, which consists of: Airstream (motorized), Jayco (including Jayco motorized and Entegra Coach) and Thor Motor Coach; and European Recreational Vehicles, which consists of the Erwin Hymer Group business.
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