Wolverine Worldwide Downgraded by S&P
Standard and Poor’s is now forecasting that WWW’s leverage will peak at over 4X in 2020 and not return to the 3X range until 2021. The ratings agency lowered its issuer credit rating and rating on unsecured notes to BB from BB+, but affirmed its BBB- issue-level rating on the company’s first-lien credit facility. As with other consumer ... Log in to view full article.
