Moody's drops AMF

Moody's Investors Service said it downgraded AMF Bowling Worldwide, Inc.'s corporate family rating to B3 from B2 and the second-lien term loan rating to Caa2 from Caa1.

Moody's said it also affirmed the B1 rating on the first-lien senior secured credit facilities.

The outlook was revised to stable from negative.

According to the agency, the downgrade reflects a meaningful decline in operating performance for the six months ended Dec. 28 that has led to a deterioration in credit metrics.

© 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.