Pilot Travel Centers, now 100% owned by Berkshire Hathaway, has an upgraded debt rating from Moody’s, though it is significantly lower than what S&P Global Ratings has bestowed on the chain.
Moody’s on Tuesday gave Pilot a long-term issuer rating of Baa3. It replaces the Ba1 corporate family rating, which is one notch below the new rating.
Moody’s also withdrew its Probability of Default rating for Pilot of Ba2, which is two notches less than Pilot’s new long-term issuer rating.
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