VF Corp. Downgraded by Moody’s
The ratings agency completed its review of VF that was initiated following the Supreme acquisition announcement, and has downgraded its long term ratings. VFC’s senior unsecured debt rating was lowered to Baa1 from A3, and its senior unsecured shelf and MTN ratings, subordinate shelf rating and preferred shelf rating were also dropped one notch. Moody’s affirmed the company’s P-2 short-term commercial paper rating, and said the rating ... Log in to view full article.