S&S Activewear Parent Downgraded by S&P Global
The ratings agency lowered its issuer credit rating on S&S Holdings LLC to B- from B, with a stable outlook, citing elevated leverage following last year’s acquisition of Alphabroder and soft industry revenue trends. Moody’s, meanwhile, said it reviewed the company’s corporate family rating, but did not take action to change it from B3. S&P’s adjusted leverage for ... Log in to view full article.
