Moody's rates Affinity Group

http://rvtravel.com/affinity-moodys.shtml

Article regarding Moody's "Bottom Rung" listing for the parent company of Good Sam Club, Trailer Life Magazine, Camping World, Coast-to-Coast Resorts, etc. Current ratings indicate elevated risk of default.

Don't shoot the messenger, just reporting what we read. We pray nothing goes wrong with Affinity Group and subsidiaries. This one could have a huge impact on a lot of RV customers.

cjwigley said:

http://rvtravel.com/affinity-moodys.shtml

Article regarding Moody's "Bottom Rung" listing for the parent company of Good Sam Club, Trailer Life Magazine, Camping World, Coast-to-Coast Resorts, etc. Current ratings indicate elevated risk of default.

Click to expand...

Moody's "Bottom Rung" list that includes Eastman Kodak, Blockbuster, Reader's Digest, GM, Ford, Chrysler, Jet Blue Airways and Krispy Kreme Doughnut Corporation.

Click to expand...

I'd take that report with more than a little grain of salt...it's bordering on the "sensational" level. What it does not say is that those companies have a 55% chance of NOT going into bankruptcy. It's a list of Potential not actuality.

Bankruptcy is not always a bad thing...and does not necessarily mean that the company is going out of business. A lot of the time, bankruptcy is used to gain some breathing room and to give the company some time to make arrangements prior to defaulting on loans. It's the debtors that put a company into receivership to be sold off piecemeal.

EVERY company has a 50% chance of going into bankruptcy. And Every Company has a 100% POTENTIAL to do so. Even Heartland. Who supposidely owes nobody nothing and has a ton of $$$.

Just remember there is a big difference between going out of business and going into bankruptcy. This report even lists Krispy Kreme as a potential problem too.