Weight Watchers International Inc. 'B-' Ratings Affirmed, Outlook Stable; Recovery Unchanged - S&P Global Ratings’ Credit Research

Weight Watchers International Inc. 'B-' Ratings Affirmed, Outlook Stable; Recovery Unchanged

Weight Watchers International Inc. 'B-' Ratings Affirmed, Outlook Stable; Recovery Unchanged - S&P Global Ratings’ Credit Research
Weight Watchers International Inc. 'B-' Ratings Affirmed, Outlook Stable; Recovery Unchanged
Published May 27, 2016
4 pages (1561 words) — Published May 27, 2016
Price US$ 150.00  |  Buy this Report Now

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Abstract:

We forecast U.S.-based Weight Watchers International Inc.'s operating performance will slightly improve during 2016 following good membership growth during the key winter season. We are also affirming our 'B-' corporate credit rating on the company and our 'B-'issue-level rating on Weight Watchers' first-lien revolver and term loan. The '4' recovery rating on the first-lien facilities is unchanged. The stable outlook reflects our view Weight Watchers will maintain debt-to-EBITDA leverage near the low-7x area during the next year as a result of improving profitability and good cash flow generation following solid membership growth this past winter season. NEW YORK (S&P Global Ratings) May 27, 2016--S&P Global Ratings affirmed its 'B-' corporate credit rating on New York City-based Weight Watchers International Inc.

  
Brief Excerpt:

...+ We forecast U.S.-based Weight Watchers International Inc.'s operating performance will slightly improve during 2016 following good membership growth during the key winter season. + We are also affirming our 'B-' corporate credit rating on the company and our 'B-'issue-level rating on Weight Watchers' first-lien revolver and term loan. The '4' recovery rating on the first-lien facilities is unchanged. + The stable outlook reflects our view Weight Watchers will maintain debt-to-EBITDA leverage near the low-7x area during the next year as a result of improving profitability and good cash flow generation following solid membership growth this past winter season. NEW YORK (S&P Global Ratings) May 27, 2016--S&P Global Ratings affirmed its 'B-' corporate credit rating on New York City-based Weight Watchers International Inc. The outlook is stable. At the same time, we affirmed our 'B-' issue-level rating on the company's first-lien revolver and term loan. The '4' recovery rating on the first-lien...

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Specialized Consumer Services (25302020)
Sector
Global Issuers , Structured Finance
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Region
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Weight Watchers International Inc. 'B-' Ratings Affirmed, Outlook Stable; Recovery Unchanged" May 27, 2016. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Weight-Watchers-International-Inc-B-Ratings-Affirmed-Outlook-Stable-Recovery-Unchanged-1645255>
  
APA:
S&P Global Ratings’ Credit Research. (). Weight Watchers International Inc. 'B-' Ratings Affirmed, Outlook Stable; Recovery Unchanged May 27, 2016. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Weight-Watchers-International-Inc-B-Ratings-Affirmed-Outlook-Stable-Recovery-Unchanged-1645255>
  
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