Wolverine Worldwide’s Debt Ratings Cut by S&P
S&P Global lowered WWW’s issuer credit rating to B+ from BB- with a negative outlook, citing poor operating performance resulting in adjusted leverage of 6.3x. That situation is not expected to change for the next several quarters, then gradually improve to below 5x by the end of 2024. Sustained adjusted leverage above 5x could result in a further downgrade, the ratings agency said. Revenues ... Log in to view full article.
