#Camping worldtimes upgrade

Such that it can limit the potential downside that could result from aįACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

Streams from Good Sam, and a variable cost structure that can flex New and used vehicles, as well as the fairly predictable profit Moody's view that the company has flexibility surrounding its mix between Liquidity via the extension of maturities. Inherent in its growth strategy, which includes both acquisitionsĪnd greenfield development. Through its dealership and retail networks, as well as the risks With retail sales, membership sales, and parts and accessories Its flexible business model that provides multiple sources of revenue, Its leading market position within the recreational vehicle segment, Softness and are on pace for record-setting 2021 new vehicle shipments, Profile, industry fundamentals that rebounded quickly from pandemic-related Liquidity as interest costs will reduce and maturities will be lengthened.'Ĭamping World's Ba3 rating considers its strengthened quantitative credit 'Credit metricsĬontinue to improve, with LTM March 2021 debt/EBITDA reducing toĪround 2.5 times and EBIT/interest improving to over 6 times,īoth of which are comfortably above the upgrade triggers,'Ĭontinued O'Shea. Stated Moody's Vice President Charlie O'Shea. These trends to continue for at least the next 12 months,' Increasing levels of operating income, and Moody's expects Operating performance as RV demand continues to fuel sales of both newĪnd used vehicles, with the result the company continues to generate 'Today's rating action reflects the continuing strength in Camping World's Senior Secured Revolving Credit Facility,

The outlook is stable, and the Speculative Which was upgraded to Ba3 and assigned Ba3 to the new senior secured bankĬredit facility. LLC ('Camping World'), including the Corporate Family rating, New York, - Moody's Investors Service ('Moody's') today upgraded ratings of CWGS Enterprises,