Hanesbrands Outlook Revised to Negative by S&P Global
The ratings agency cited HBI’s worse than expected second quarter earnings in lowering its outlook to negative, but affirming a BB issuer credit rating and issue-level rating on its senior unsecured debt. Multiple headwinds to growth this year include inflation and a resulting pullback in consumer spending, continued supply chain delays, and the cyberattack that cost HBI an estimated $100 million in revenues. S&P also expects cash flow for ... Log in to view full article.
