Life Time Announced That Moody's Investor Service Has Upgraded The Company's Issuer Credit Rating To 'B2' From 'B3' Citing The Company's Improving Performance And Steps It Is Taking To Continue To Improve Its Balance Sheet And Reduce Leverage
Portfolio Pulse from Benzinga Newsdesk
Moody's Investor Service has upgraded Life Time's issuer credit rating from 'B3' to 'B2'. The upgrade is due to the company's improving performance and steps it is taking to improve its balance sheet and reduce leverage.
August 24, 2023 | 10:59 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Life Time's credit rating has been upgraded by Moody's, indicating an improving financial situation and potentially leading to lower borrowing costs.
Credit ratings are a key factor in determining a company's ability to borrow and the interest rates it will pay. An upgrade in credit rating usually indicates improving financial health and can lead to lower borrowing costs, which can improve profitability. Therefore, this news is likely to have a positive impact on Life Time's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100