Moody's eyes Miller's Ale positively

Moody's Investors Service said it revised Miller's Ale House, Inc.'s outlook to positive from stable.

"The change in outlook to positive reflects Miller's improving performance and credit metrics," stated, Mike Zuccaro, a Moody's vice president, in a press release.

"Despite increased challenges related to labor and commodity cost inflation and a potential negative impact on consumers, we believe the company can sustain its enhanced credit profile," Zuccaro added.

Moody’s also affirmed Miller’s ratings, including its Caa1 corporate family rating and its Caa1 senior secured bank credit facility rating, and assigned a Caa1 rating to its $20.5 million senior secured incremental term loan that was added in February 2020.

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