Fitch lifts GNC to B3

Moody's Investors Service said it upgraded General Nutrition Centers Inc.'s (GNC) corporate family rating to B3 from Caa1 and assigned definitive ratings to the senior secured term loan due 2021 and the ABL FILO term loan due 2022.

The definitive ratings replace the provisional ratings assigned on Feb. 14.

The outlook was changed to stable.

Moody's also affirmed the B3 rating on GNC's senior secured term loan due 2019. The $300 million senior secured revolving credit facility due 2018 was withdrawn due to the termination of the facility.

The speculative grade liquidity rating was upgraded to SGL-2 from SGL-4.

"GNC's successful refinancing has addressed its near-term maturities and improved liquidity as it continues to work to stabilize its operating income as it executes its business realignment," Moody's vice president Christina Boni said in a news release.

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