Crocs’ Debt Upgraded by S&P Global
The ratings agency upgraded the issue-level ratings on CROX senior unsecured notes to BB from BB- and also affirmed its BB issuer credit rating and BBB- term loan rating. The reason for the upgrade was the clogmaker’s paydown of $125 million on its senior secured term loan in the second quarter, resulting in more value available to its ... Log in to view full article.
