The Worst is Over at Caleres, S&P Says
Standard & Poor’s revised its outlook for the Famous Footwear parent to stable from negative, based on an expected healthy recovery in sales through 2021. The ratings agency affirmed its B+ issuer credit rating on the company, but raised the rating on CAL’s senior unsecured notes to B+ from B and revised the recovery rating on the notes to 4 from 5. Improving results from operations are ... Log in to view full article.