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CWGS Enterprises, LLC -- Moody's confirms Camping World's ratings, including B1 CFR; outlook negative

Moody's Investors Service ("Moody's") today confirmed all ratings of CWGS Enterprises, LLC ("Camping World"), including the B1 Corporate Family rating, and assigned a negative outlook. "Today's rating action considers the negative impact on Camping World's credit profile from a confluence of events during late-2018 and Q1 2019, including the ramp-up and integration of the Gander Mountain locations acquired out of bankruptcy and rolled-out during 2018, as well as the unexpected and precipitous decline in RV sales in Q4, representing the worst quarter for the industry in several years," stated Moody's Vice President Charlie O'Shea.