Next Level parent, YS Garments LLC, which is owned by Blue Point Capital Partners, saw S&P Global lower its issuer credit rating to B- from B, with a negative outlook, after the company underperformed in 2022. Next Level suffered from distributor destocking along with other blanks suppliers, but S&P believes that inventory rebalancing is now complete, and is forecasting high-single-digit revenue growth this year. ... Log in to view full article.