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Article Date: September 2024
Word Count: 157

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.

 


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