Wilton Brands LLC -- Moody's Affirms Wilton's Ratings; Outlook Revised to Negative

New York, May 04, 2016 -- Moody's Investors Service affirmed Wilton Brands, LLC's Caa1 Corporate Family Rating and revised the rating outlook to negative from stable. The negative outlook reflects recent demand weakness across a wider range of Wilton's products. It also reflects Wilton's weak liquidity profile with the revolving credit facility expiring in August 2017 and a step up of term loan amortization to $65 million in the fourth quarter of 2017 (currently at $10 million per quarter) that the company will not be able to meet from internally generated cash.

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