VF Corp. Downgraded by Moody’s
The rating agency cut VFC's corporate family rating to Ba2 from Ba1 and its senior unsecured notes ratings to Ba2 from Ba1, citing a slower-than-expected turnaround at Vans, which contributed to a debt/EBITDA of 5.1x. Additionally, economic uncertainty and potential tariffs may hamper revenue and gross margin improvements, though Moody's anticipates debt/EBITDA will improve to around 4.4x by the end ... Log in to view full article.
