Wolverine Downgraded Again by Moody’s
The ratings agency lowered Wolverine Worldwide’s corporate family rating and probability of default rating to B3 from B1, and the rating on its senior unsecured debt to Caa2 from B3, changing its outlook to stable from negative. This is the second downgrade of WWW in the last three months. Moody’s cited the company’s big earnings and sales decline last quarter, and opined ... Log in to view full article.
