Crocs’ Outlook Positive, Moody’s Says
The clogmaker scored an upgraded outlook from Moody’s, which also affirmed a Ba3 corporate family rating, Ba2 rating on its senior secured first lien term loan, and B2 rating on its senior unsecured global notes. The Crocs brand has outperformed in a difficult footwear environment, the ratings agency said, predicting that Heydude revenue will stabilize and margins will improve over the next 12 to 18 months. ... Log in to view full article.
