Moody’s Expects Newell Headwinds to Continue into 2024
The ratings agency downgraded NWL’s corporate family rating and senior unsecured debt ratings to Ba2 from Ba1, while maintaining a negative outlook for the parent of Coleman, Contigo, Marmot and other outdoor brands. Newell’s business will continue to be pressured by weaker consumer demand and inventory destocking through the end of the year and into early 2024, Moody’s opined. Sales and earnings have declined double digits across most of ... Log in to view full article.
