Moody's rates Ollie's loan B2

Moody's Investors Service said it assigned first-time corporate family and probability of default ratings of B2 to Ollie's Holdings, Inc.

The agency said it also assigned a B2 rating to the company's proposed $225 million senior secured term loan B due 2019. The outlook is stable.

The agency said Ollie's B2 corporate family rating reflects the company's high financial leverage following its acquisition.

The ratings also reflect Moody's expectations that the company will be able to maintain a good overall liquidity profile, which will enable it to continue to invest in continued store growth, the agency said.

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