Hanesbrands Downgraded by Moody’s on Results, Outlook
The ratings agency lowered HBI’s corporate family rating and probability of default rating to B1 from Ba3 and its senior unsecured ratings to B3 from B1, while leaving other ratings unchanged. The outlook was maintained as negative, given Moody’s expectation that leverage and coverage credit metrics will remain weak through rest of 2023 and first half of 2024. In addition to the macro ... Log in to view full article.
