Compass Diversified Taken off CreditWatch by S&P
S&P Global removed the parent of 5.11, Boa, PrimaLoft, and Velocity Outdoor from CreditWatch with negative implications, and affirmed its B- issuer credit, B+ senior secured debt, and B- senior unsecured debt ratings. However, the outlook for CODI is negative, as it works to deleverage following the Lugano bankruptcy. CODI expects its leverage to end 2025 at about 5.2x-5.3x, but needs to ... Log in to view full article.
