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Article Date: February 2021
Word Count: 105

Wolverine World Wide Scores S&P Upgrade


After paying down its $171 million, 364-day pandemic term loan, WWW sees Standard & Poor’s upgrade its outlook to stable and affirm its BB issuer credit rating. The ratings agency said that the reduction in leverage to the high-3x range from over 4x, along with a healthy recovery in profitability, justified the change. ... Log in to view full article.

 

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