Moody’s downgrades GNC

Moody’s Investors Service said it downgraded General Nutrition Centers, Inc. probability of default rating to D-PD from Ca-PD following the company’s announcement it commenced voluntary prearranged Chapter 11 proceedings.

All other ratings are unchanged, and the outlook has changed from negative to stable, the agency said.

Moody’s said it will withdraw the ratings due to the bankruptcy filing.

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