Moody's: Motorsport view negative

Moody's Investors Service said it affirmed Motorsport Aftermarket Group's B2 corporate family and probability-of-default ratings as well as its Ba3 rating (LGD3, 32%) for its first-lien bank debt.

The outlook was revised to negative from stable.

Moody' said the action reflects concerns over recent performance and the impact that recent macro-economic developments affecting consumer disposable income and sentiment may have on future levels of discretionary spending for leisure-related products.

The company's initial debt-to-EBITDA ratio was seen as just under 6 times, Moody' said.

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