Moody’s revises Weight Watchers to positive

Moody's Investors Service said it affirmed Weight Watchers International, Inc.'s corporate family rating at B3, probability of default rating at B3-PD and senior secured credit facility ratings at B3.

The speculative grade liquidity rating was upgraded to SGL-2 from SGL-3.

The outlook was revised to positive from stable.

"If Weight Watchers can maintain subscriber and revenue growth, its credit metrics and liquidity would likely be consistent with higher ratings, leading Moody's to revise the rating outlook to positive today," Moody's senior credit officer Edmond DeForest said in a news release.

The positive outlook reflects the agency’s expectation that solid subscriber growth in 2017 along with more modest growth in 2018 will lead to improving credit metrics and liquidity.

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