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Moody's withdraws all ratings of Zep following debt repayment

Moody's Investors Service (Moody's) has withdrawn Zep Inc.'s (Zep) ratings including the company's Caa2 Corporate Family Rating (CFR), the Caa2-PD Probability of Default Rating (PDR), the B3 ratings on the company's first-lien senior secured debt, consisting of a revolver and first lien term loans, ...

Zep Inc.: Update following CFR downgrade to Caa2

Our credit view of Zep reflects its high financial leverage, volatile raw material exposure, and refinancing risk, against its less cyclical products and long term top customer relationships

Moody's downgrades Zep's CFR to Caa2; outlook negative

Moody's Investors Service ("Moody's") downgraded Zep Inc.'s (Zep) Corporate Family Rating (CFR) to Caa2 from Caa1, and its Probability of Default Rating (PDR) to Caa2-PD from Caa1-PD. Moody's also downgraded the company's senior secured first lien revolving credit facility and senior secured first l...

Moody's downgrades Zep's CFR to Caa2; outlook negative

Moody's Investors Service ("Moody's") downgraded Zep Inc.'s (Zep) Corporate Family Rating (CFR) to Caa2 from Caa1, and its Probability of Default Rating (PDR) to Caa2-PD from Caa1-PD. Moody's also downgraded the company's senior secured first lien revolving credit facility and senior secured first l...

Moody's announces completion of a periodic review of ratings of Zep In...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Zep Inc.. Global Credit Research- 12 Jan 2022. New York, January 12, 2022-- Moody's Investors Service has completed a periodic review of the ratings of Zep Inc. and other ratings that are associated with the same analytical unit.

Zep Inc.: Update following the ZVC divestiture

Our credit view of Zep reflects its high financial leverage and exposure to volatile raw material costs, partially offset by its long term relationships with top customers.

Moody's confirms Zep's Caa1 CFR, upgrades credit facility ratings; out...

Rating Action: Moody's confirms Zep's Caa1 CFR, upgrades credit facility ratings; outlook is stable. Global Credit Research- 01 Dec 2021. New York, December 01, 2021-- Moody's Investors Service confirmed Zep Inc.' s Caa1 Corporate Family Rating and Caa1-PD Probability of Default Rating.

Zep Inc.: Update following rating review for upgrade

Our credit view of Zep reflects its long term relationships with top customers, offset by its high financial leverage and its exposure to volatile raw material costs.

Moody's places the ratings of Zep Inc. under review for upgrade

Rating Action: Moody's places the ratings of Zep Inc. under review for upgrade. Global Credit Research- 30 Sep 2021. New York, September 30, 2021-- Moody's Investors Service placed the ratings of Zep, Inc. under review for upgrade, including the company's Corporate Family Rating of Caa1, the Probability of Default Rating of Caa1-PD, the first lien senior secured credit facilities of B3 and the second lien term loan of Caa3.

Zep Inc.: Update to credit analysis

Our credit view of Zep reflects its high leverage, weak free cash flow and reductions in demand from elevated levels during coronavirus, and its long term relationships with top customers.

Moody's announces completion of a periodic review of ratings of Zep In...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Zep Inc.. Global Credit Research- 22 Feb 2021. New York, February 22, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Zep Inc. and other ratings that are associated with the same analytical unit.

Zep Inc.: Update following CFR upgrade to Caa1

Our credit view of Zep, reflecting high leverage and small scale, offset by increased cleaning product demand due to the coronavirus and long term relationships with top customers.

Moody's upgrades Zep's CFR to Caa1; outlook stable

Rating Action: Moody's upgrades Zep's CFR to Caa1; outlook stable. Global Credit Research- 17 Aug 2020. NOTE: On August 19, 2020, the press release was corrected as follows: the following was added as the eighth paragraph of the REGULATORY DISCLOSURES section: At least one ESG consideration was material to the credit rating action announced and described above.

Moody's upgrades Zep's CFR to Caa1; outlook stable

Rating Action: Moody's upgrades Zep's CFR to Caa1; outlook stable. Global Credit Research- 17 Aug 2020. New York, August 17, 2020-- Moody's Investors Service upgraded Zep Inc.' s Corporate Family Rating to Caa1 from Caa2 and the Probability of Default Rating to Caa1-PD from Caa2-PD.

Moody's announces completion of a periodic review of ratings of Zep In...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Zep Inc.. Global Credit Research- 15 Apr 2020. New York, April 15, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Zep Inc. and other ratings that are associated with the same analytical unit.

Moody's announces completion of a periodic review of ratings of Zep In...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Zep Inc.. Global Credit Research- 10 Jun 2019. New York, June 10, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Zep Inc. and other ratings that are associated with the same analytical unit.

Zep Inc: Update to credit analysis following downgrade of CFR to Caa2

Our view of Zep's credit profile highlighting the company's continued revenue and earnings decline, unsustainably high leverage and weakened liquidity

Moody's downgrades Zep Inc.'s CFR to Caa2; outlook negative

Rating Action: Moody's downgrades Zep Inc.' s CFR to Caa2; outlook negative. Global Credit Research- 29 Apr 2019. New York, April 29, 2019-- Moody's Investors Service downgraded Zep Inc.' s Corporate Family Rating to Caa2 from B3 and the Probability of Default Rating to Caa2-PD from B3-PD.

Moody's changes Zep Inc's ratings outlook to negative, affirms existin...

Moody's Investors Service changed its rating outlook for Zep Inc to negative, from stable. At the same time, Moody's affirmed its ratings for Zep, including the company's B3 Corporate Family Rating (CFR) and B3-PD Probability of Default Rating, as well as the B2 ratings for its first lien se...

Zep Inc: Update to credit analysis following outlook revision to negat...

Our view of the credit profile for Zep, balancing the company's high leverage and weak operating performance with good end markets and customer diversity, and no near-term debt maturities

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