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Moody's rates Weight Watchers loan Ba1
Moody's Investors Service said it assigned a Ba1 rating to Weight Watchers International, Inc.'s $850 million senior secured credit facility - which includes a $500 million senior secured revolving credit facility due 2011 and $350 million senior secured term loan facility due 2011) and affirmed the company's Ba1 corporate family rating.
The outlook remains stable.
The agency said the ratings benefit from Weight Watchers' strong credit metrics, impressive operating margins, leading market position and growing obesity rates worldwide.
The ratings are primarily constrained by uncertainty related to the firm's target capital structure and expected financial policies, lack of product diversification and threats from competitive products, the agency said.
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