Echoing S&P Global’s reasoning for lowering WWW’s outlook earlier this week, Moody’s believes that the company’s current 4.5x leverage could remain elevated for the next 12 months. The ratings agency said that WWW’s choice of using debt to finance the Sweaty Betty acquisition, while spending cash on share repurchases, also contributed to the negative view. It maintained Wolverine’s Ba1 corporate family rating and Ba2 senior unsecured notes rating, but downgraded its speculative grade liquidity rating ... Log in to view full article.