Moody’s Changes Hanesbrands’ Outlook To Negative
The ratings agency affirmed HBI’s Ba1 corporate family rating and other ratings on its credit facilities, but lowered its rating outlook to negative from stable, citing the impact of the coronavirus pandemic. Retail store closures and the possibility of a prolonged reduction in consumer apparel spending are headwinds to HBI’s overall earnings and credit metrics. Hanesbrands ... Log in to view full article.