VF Corp. Downgraded by Moody’s
The ratings agency lowered the rating on VFC’s senior unsecured notes ratings to Ba1 from Baa3, and also dropped its ratings on other debt by a notch, while assigning the company a Ba1 corporate family rating. The outlook was changed to stable from negative. Moody’s views the ongoing Reinvent restructuring is positively, but it will take a long time frame to result in significant financial improvement. Assuming the Supreme sale ... Log in to view full article.
