#Credit

I had the unfortunate responsibility of reporting SilencerCo’s workforce layoffs a few weeks ago. The firearms industry as a whole is in rapid transition – eight years of panic buy cycles and stockpiling for an alternate election result has a way of throwing companies into turmoil. In an effort to quell stagnation, SiCo is offering a $200 rebate for anyone who buys a Silencer between February 1st an April 30th of this year.

Moody’s Investor Services, a division of the ratings company, has downgraded the Remington Outdoors Company CFR to Caa1, with a “stable outlook” (meaning they do not think the credit rating will change). According to Moody’s documentation Caa1 is the first class of Caa, where “obligations rated Caa are judged to be of poor standing and are subject to very high credit risk.” This Caa1 rating is slightly above the “Ca” rating which is a “highly speculative” and “near default” investment.