25.10.2016 23:00:00
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Moody's says Dealer Tire's upsizing of its term loan does not impact ratings; more aggressive financial policy is credit negative
New York, October 25, 2016 -- Moody's Investors Service, ("Moody's") said that Dealer Tire LLC's ("Dealer Tire") proposed $40 million upsizing of its $615 million ($605.8 million as of June 30, 2016) senior secured term loan due 2021 has no impact on the company's ratings including its B2 Corporate Family Rating (CFR) or stable rating outlook. For additional details please refer to the issuer comment posted on www.Moodys.com.