Moody's Ratings affirms THOR Industries' Ba2 CFR; outlook stable
Moody's Ratings (Moody's) affirmed THOR Industries, Inc.'s ("THOR") Ba2 corporate family rating ("CFR") and Ba2-PD probability of default rating ("PDR"). Concurrently, we affirmed the Ba2 rating on the senior secured term loans and the B1 rating on the senior unsecured notes. The company's speculati...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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