The parent of Coleman, Contigo, Marmot and other outdoor brands’ issuer credit rating and rating on its unsecured notes were slashed to BB from BB+ by S&P. The ratings agency also gave NWL a negative outlook due to its poor operating performance for the first half of the year, increases in costs of goods sold, and restructuring charges. Leverage increased to 7x for the last twelve months compared to 3.6x for the same period last year, and will finish the year at well above 5.5x. S&P said its forecast is heavily ... Log in to view full article.