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BRIEF-Moody's affirms Town Sports' B1 CFR and Ba3 bank debt rating
November 7, 2012 / 12:00 AM / 5 years ago

BRIEF-Moody's affirms Town Sports' B1 CFR and Ba3 bank debt rating

Nov 7 (Reuters) - Moody’s Investors Service affirmed Town Sports International Holdings, Inc.’s B1 corporate family rating and B2 probability of default rating. Moody’s also affirmed the Ba3 rating on Town Sports International, LLC’s (wholly-owned subsidiary of Town Sports International Holdings, Inc. - collectively referred to as “Town Sports”) amended/expanded senior secured credit facility . The speculative grade liquidity rating was affirmed at SGL-1. The ratings outlook remains stable.

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