Newell Downgraded on Weak Demand, Tariff Pressure
Moody’s reaffirmed the negative outlook at the Coleman and Marmot parent while downgrading its corporate family rating to Ba3 from Ba2 and lowering its debt ratings as well. The sluggish discretionary spending environment is slowing NWL’s turnaround efforts, and the hit from tariffs on consumer demand will make any needed price increases difficult. NWL’s ... Log in to view full article.
