Moody’s changes Weight Watchers to stable

Moody's Investors Service said it affirmed Weight Watchers International, Inc.'s corporate family rating at B3, probability of default rating at B3-PD, senior secured debt ratings at B3 and speculative grade liquidity rating at SGL-3.

The outlook was revised to stable from negative.

"In 2015, new programs, marketing initiatives and about $40 million of fresh equity from Oprah Winfrey, who has also become the new face of Weight Watchers, may have succeeded in arresting the sharp declines in paid weeks and active subscribers the company had experienced since 2012," Moody's senior credit officer Edmond DeForest said in a news release.

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