New York, June 03, 2016 -- Moody's Investors Service ("Moody's") assigned a B2 Corporate Family Rating ("CFR") and a B2-PD Probability of Default Rating ("PDR") to WKI Holding Company, Inc. (doing business as "World Kitchen", initially "Let's Go Acquisition Corp.") following the announcement of its acquisition by GP Investments Acquisition Corp. ("GPIAC"). Let's Go Acquisition Corp. is an acquisition vehicle that will be the initial borrower under the debt financing, which will be merged with and into WKI Holding Company, Inc. upon closing of the transaction. WKI Holding Company, Inc. will be the surviving entity and will assume the obligations under the new capital structure. Moody's also assigned a B2 instrument rating to the company's proposed $275 million senior secured first lien term loan due 2023. The rating outlook is stable.

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