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Prospect News home > News index > List of issuers W > Headlines for Winnebago Industries, Inc. > News item |
S&P elevates Winnebago
S&P said it raised the issuer credit rating on Winnebago Industries Inc. to BB- from B+ and the issue-level rating on the secured debt to BB+ from BB.
The outlook is stable.
“The upgrade to BB- reflects robust retail demand for RVs, which will likely translate into strong wholesale shipments for Winnebago at least in fiscal 2021 and possibly into fiscal 2022, enabling the company to maintain adjusted debt to EBITDA well below 4x,” S&P said in a news release.
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