The ratings agency affirmed WWW’s B issuer credit rating, as it expects improving operating performance and deleveraging in the second half, particularly in Q4, and forecasts adjusted leverage to improve to mid-6x by the end of the year. But S&P also maintained its negative outlook, reflecting the potential for a lower rating within the next two quarters if the company cannot improve performance, and if adjusted leverage sustains above 7x. Innovative products hitting the shelves coupled with less discounting, should make for ... Log in to view full article.