| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Hot Topic Inc. > News item |
Moody’s downgrades Hot Topic
Moody's Investors Service said it downgraded Hot Topic, Inc.’s corporate family rating to B3 from B2, the probability of default rating to B3-PD from B2-PD, and the senior secured notes rating to B3 from B2.
The outlook is stable.
The agency said the downgrade reflects Hot Topic's same store sales and EBITDA declines in the first half of 2017, and Moody's expectations that increased competition and mall traffic declines will lead to continued earnings weakness in the next 12-18 months.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.