Moody's Investors Service said that Bass Pro Group, LLC's Dec. 11, 2014 announcement that it has agreed to acquire fishing boat maker Fishing Holdings, LLC from Platinum Equity is a modest credit negative because leverage will increase moderately, but has no impact on Bass Pro's Ba3 Corporate Family Rating, B1 secured term loan rating, or the stable rating outlook.
The transaction is subject to regulatory approval, and due to close in the first half of 2015.
Moody's press release is here.
