VF Corp.’s Outlook Cut after Timby Tax Ruling
Following VFC’s loss before the U.S. Court of Appeals, where it had appealed an $875.7 million unfavorable IRS ruling, Moody’s cut its outlook to negative from stable, while affirming its debt ratings. The decision means that VF won’t have the funds to immediately pay down a $1 billion unrated delay draw term due in Dec. 2024, as the IRS will ... Log in to view full article.
