VF Corp. Senior Notes Downgraded by Moody’s
The ratings agency affirmed VFC’s Ba2 corporate family rating but lowered the issue-level rating of its senior unsecured notes to Ba3 from Ba2, while maintaining a negative outlook. The downgrade was triggered by the Vans and North Face parent’s new $1.5 billion senior secured revolver due Aug. 2030 to replace its current facility that is due Nov. 2026. The ... Log in to view full article.
