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Article Date: August 2023
Word Count: 145

Wolverine Worldwide Downgraded by Moody’s


Fresh off last weeks downgrade from S&P Global, WWW was also revised downward by Moody’s, which cut its corporate family rating to B1 from Ba3 and rating on its senior unsecured global notes rating to B3 from B1. The outlook remains negative. Echoing S&P commentary, Moody’s sees elevated leverage of at least mid-7.0x persisting through the end of this year, before moderating to 5.0x ... Log in to view full article.

 


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