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Floor and Decor Outlets of America, Inc. -- Moody's changes Floor & Decor outlook to Positive; B1 CFR affirmed

Moody's Investors Service ("Moody's") today affirmed the ratings of Floor and Decor Outlets of America, Inc. ("Floor & Decor") including its B1 Corporate Family Rating (CFR), B1-PD Probability of Default Rating (PDR) and B1 rated senior secured term loan B. In addition, Moody's upgraded the Speculative Grade Liquidity rating to SGL-2 from SGL-3 and changed the ratings outlook to positive from stable. "The change in outlook to positive reflects Floor & Decor's steady improvement in operating performance as same store sales remain positive and new stores are added as well as funded debt levels that remain relatively modest which have all driven a continued improvement in scale and credit metrics" stated Bill Fahy, Moody's Senior Credit Officer.