Moody's Ratings affirms Winnebago Industries' Ba3 CFR; outlook stable
Moody's Ratings (Moody's) affirmed Winnebago Industries, Inc.'s ("Winnebago") Ba3 corporate family rating ("CFR") and Ba3-PD probability of default rating ("PDR"). Concurrently, we affirmed the Ba3 rating on the company's senior secured notes. The company's speculative grade liquidity rating ("SGL")...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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