S&P ups CWGS

S&P said it upgraded CWGS Enterprises LLC to B+ from B and its senior secured revolving credit facility to BB- from B+.

“The upgrade reflects robust retail demand for RVs in 2021 and possibly 2022, which can enable CWGS to maintain adjusted debt to EBITDA well below 5x. The perception that RVs are a safe travel option during the Covid-19 pandemic will likely support continued high revenue and EBITDA generation at CWGS through 2021 and possibly for a portion of 2022,” S&P said in a press release.

The outlook is stable.

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