New York, August 03, 2015 -- Moody's Investors Service today upgraded Ollie's Holdings, Inc.'s (Ollie's) Corporate Family Rating to Ba3 from B2 following its initial public offering and repayment of $153 million of debt using the proceeds of the IPO. At the same time Moody's upgraded the company's Probability of Default rating to Ba3-PD from B2-PD and the rating of its senior secured term loan to Ba3 from B2. Moody's also assigned the company a speculative grade liquidity rating of SGL-2. The outlook is stable.
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