Newell’s Outlook is Stable, Moody’s Says
The ratings agency affirmed Newell’s Ba1 corporate family and other ratings, while acknowledging that the company’s outdoor & recreation brands and other consumer products would face difficult comparisons against pandemic-driven sales levels. NWL’s outlook was revised to stable from positive and the speculative grade liquidity rating was changed to SGL-2 from SGL-1. Bloated inventories may lead to discounting in the ... Log in to view full article.
