Next Level Apparel Scores Upgrade, but Outlook is Negative
S&P Global revised its view of Next Level parent, YS Garments, after cutting it to D last week, raising its issuer credit rating and rating on its first-lien debt to CCC, but with a negative outlook. YS extended, until Aug. 2027, its $203 million outstanding first-lien term loan, set to mature in Aug. 2026, and its $41.2 million revolving credit facility, which ... Log in to view full article.
