Moody's affirms Winnebago's B1 CFR; senior secured term loan upgraded to B1
Rating Action: Moody's affirms Winnebago's B1 CFR; senior secured term loan upgraded to B1. Global Credit Research- 29 Oct 2019. New York, October 29, 2019-- Moody's Investors Service affirmed the B1 corporate family rating and B1-PD probability of default rating for Winnebago Industries, Inc., and upgraded the company's senior secured term loan to B1 from B2.Winnebago Industries is a manufacturer with a portfolio of recreation vehicles and marine products used primarily in leisure travel and outdoor recreation activities. The company's reportable segments include: Towable, which is comprised of products which are not motorized and are generally towed by another vehicle as well as other related manufactured products and services; and Motorhome, which is comprised of products that include a motorized chassis as well as other related manufactured products and services. The company's subsidiary, Chris-Craft USA, Inc., manufactures and sells boats in the recreational powerboat industry through a network of independent authorized dealers.
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