Moody’s lowers Anastasia

Moody's Investors Service said it downgraded the corporate family rating of Anastasia Parent, LLC to B3 from B2 and its probability of default rating to B3-PD from B2-PD.

Moody's also downgraded Anastasia's first-lien senior secured revolving credit facility and term loan ratings to B3 from B2.

The outlook is stable.

“The downgrades reflect Anastasia's declining sales and earnings, which have led to very slow deleveraging following the 2018 debt-financed dividend to its owners,” the agency said in a news release.

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