Announcement of Periodic Evaluate: Moody’s publicizes completion of a periodic evaluate of scores of SP PF Purchaser LLCGlobal Credit score Analysis – 29 Jan 2021New York, January 29, 2021 — Moody’s Traders Service (“Moody’s”) has accomplished a periodic evaluate of the scores of SP PF Purchaser LLC and different scores which might be related to the identical analytical unit. The evaluate was performed by means of a portfolio evaluate dialogue held on 22 January 2021 during which Moody’s reassessed the appropriateness of the scores within the context of the related principal methodology(ies), current developments, and a comparability of the monetary and working profile to equally rated friends. The evaluate didn’t contain a score committee. Since 1 January 2019, Moody’s apply has been to difficulty a press launch following every periodic evaluate to announce its completion.This publication doesn’t announce a credit standing motion and isn’t a sign of whether or not or not a credit standing motion is probably going within the close to future. Credit score scores and outlook/evaluate standing can’t be modified in a portfolio evaluate and therefore aren’t impacted by this announcement. For any credit score scores referenced on this publication, please see the scores tab on the issuer/entity web page on www.moodys.com for probably the most up to date credit standing motion data and score historical past.Key score issues are summarized under.SP PF Purchaser LLC’s (Pure Fishing) Caa1 credit score profile broadly displays its comparatively average scale and its excessive monetary leverage. The corporate’s merchandise are concentrated throughout the mature and discretionary fishing product class, and a chronic interval of excessive unemployment or weak financial situations will negatively impression the corporate’s working outcomes. Pure Fishing has buyer focus with its high buyer accounting for round 20% of gross sales. The score additionally displays Pure Fishing’s sturdy market presence within the fishing merchandise trade, and its portfolio of long-standing properly acknowledged manufacturers amongst fishing lovers. The corporate has good geographic diversification and advantages from its product diversification inside fishing gear. Moody’s expects fishing merchandise utilization to stay elevated into the primary half of 2021, which can considerably assist offset income and earnings headwinds from robust comps in fiscal 2021 versus the elevated demand skilled in 2020. The corporate’s ample liquidity gives monetary flexibility to fund working seasonality and anticipated working capital investments over the approaching quarters wanted to enhance service ranges.This doc summarizes Moody’s view as of the publication date and won’t be up to date till the following periodic evaluate announcement, which can incorporate materials modifications in credit score circumstances (if any) through the intervening interval.The principal methodology used for this evaluate was Client Durables Business revealed in April 2017. Please see the Score Methodologies web page on www.moodys.com for a replica of this system.This announcement applies solely to EU rated, UK rated, EU endorsed and UK endorsed scores. Non EU rated, non UK rated, non EU endorsed and non UK endorsed scores could also be referenced above to the extent crucial, if they’re a part of the identical analytical unit.This publication doesn’t announce a credit standing motion. For any credit score scores referenced on this publication, please see the scores tab on the issuer/entity web page on www.moodys.com for probably the most up to date credit standing motion data and score historical past. Oliver Alcantara Analyst Company Finance Group Moody’s Traders Service, Inc. 250 Greenwich Avenue New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Shopper Service: 1 212 553 1653 John E. Puchalla, CFA Affiliate Managing Director Company Finance Group JOURNALISTS: 1 212 553 0376 Shopper Service: 1 212 553 1653 Releasing Workplace: Moody’s Traders Service, Inc. 250 Greenwich Avenue New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Shopper Service: 1 212 553 1653 © 2021 Moody’s Company, Moody’s Traders Service, Inc., Moody’s Analytics, Inc. and/or their licensors and associates (collectively, “MOODY’S”). 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