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jdwilson3 · 07-22-2009, 02:52 PM

I FOUND THIS ON THE RV.NET FORUM

From RVbookstore.com
Breaking RV News
Owner of Good Sam, Trailer Life on most likely to go bust list
March 10, 2009

The parent company of the Good Sam Club, Trailer Life Magazine, Camping World, Coast-to-Coast Resorts and dozens of other RV and recreation-related businesses has been listed on Moody's 283 U.S. firms with a 45 percent chance of going bust in the next 12 months. The Affinity Group, or Affinity, joins many well-known corporations on Moody's "Bottom Rung" list that includes Eastman Kodak, Blockbuster, Reader's Digest, GM, Ford, Chrysler, Jet Blue Airways and Krispy Kreme Doughnut Corporation.

The list, updated quarterly, names companies that are the most likely to have difficulties paying their debts. Moody's noted that only 157 companies would have made the list if it had been compiled last year.

"These companies have not defaulted, but their current ratings indicate elevated risk of default relative to other rated corporate issuers," the report said. "Tight credit markets and the global economic downturn are rapidly swelling the population of U.S. companies with high default risk and weak liquidity."

The Moody Report came the same day as giant RV manufacturer Fleetwood Enterprises filed for voluntary Chapter 11 bankruptcy protection.

07-22-2009, 02:52 PM	#3
jdwilson3 Senior Member Join Date: Mar 2006 Location: Austin Arkansas Posts: 399	I FOUND THIS ON THE RV.NET FORUM From RVbookstore.com Breaking RV News Owner of Good Sam, Trailer Life on most likely to go bust list March 10, 2009 The parent company of the Good Sam Club, Trailer Life Magazine, Camping World, Coast-to-Coast Resorts and dozens of other RV and recreation-related businesses has been listed on Moody's 283 U.S. firms with a 45 percent chance of going bust in the next 12 months. The Affinity Group, or Affinity, joins many well-known corporations on Moody's "Bottom Rung" list that includes Eastman Kodak, Blockbuster, Reader's Digest, GM, Ford, Chrysler, Jet Blue Airways and Krispy Kreme Doughnut Corporation. The list, updated quarterly, names companies that are the most likely to have difficulties paying their debts. Moody's noted that only 157 companies would have made the list if it had been compiled last year. "These companies have not defaulted, but their current ratings indicate elevated risk of default relative to other rated corporate issuers," the report said. "Tight credit markets and the global economic downturn are rapidly swelling the population of U.S. companies with high default risk and weak liquidity." The Moody Report came the same day as giant RV manufacturer Fleetwood Enterprises filed for voluntary Chapter 11 bankruptcy protection. __________________ John & Peggy 1SG US Army Retired