Moody’s downgrades At Home Holding

Moody’s Investors Service said it downgraded At Home Holding III Inc.’s corporate family rating to B2 from B1 and probability of default rating to B2-PD from B1-PD.

Moody’s also downgraded the company’s senior secured term loan rating to B3 from B2. The speculative grade liquidity rating remains SGL-3.

“The downgrades reflect Moody’s expectations that At Home’s lease-adjusted credit metrics will remain in line with those of B2-rated retail peers following the company’s weak performance in FY 2020,” the agency said in a press release.

The outlook was changed to stable from negative.

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