 Concurrently, Moodys assigned a Caa1 rating to the companys proposed senior secured notes. The speculative-grade liquidity rating was upgraded to SGL-2 from SGL-3 and the ratings outlook was changed to stable from negative. At Homes strong performance coming out of coronavirus-related shut downs and its curtailed capital spending on store expansion have improved liquidity, said Moodys senior analyst and Vice President Raya Sokolyanska. 