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Moody's rates HIT Entertainment loan B2
Moody's Investors Service said it assigned HIT Entertainment's $172 million second-lien loan a B2 rating and affirmed the company's B1 corporate family and first-lien ratings.
Ratings affirmed include the corporate family rating at B1, the $376 million first-lien term loan at B1 and the $77 million first-lien revolving credit facility at B1.
The outlook remains stable.
According to Moody's, the company's ratings continue to reflect its high leverage and competitive operating environment offset by its strong brand value and anticipated growth. In Moody's view, the reapportionment of the debt from senior subordinated to second lien does not impact the corporate family rating.
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