Moody's upgrades Camping World

Moody's Investors Service said it upgraded the ratings of CWGS Enterprises, LLC (Camping World), including the senior secured bank credit facility, which was upgraded to B1 from B2.

"Today's rating action reflects the continuing strength in Camping World's operating performance as strong RV demand fuels sales of both new and used vehicles and increasing levels of operating income," said Charlie O'Shea, a Moody's vice president, in a press release.

"Liquidity remains good, with cash and equivalents of $438 million and floorplan offset availability of $104 million at Q3 end, and Moody's expects these favorable trends in operating performance to continue into 2021,” O’Shea said.

The outlook is stable.

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