Report
EUR 166.30 For Business Accounts Only

Moody's downgrades Lifetime Brands' CFR to B2; outlook negative

Rating Action: Moody's downgrades Lifetime Brands' CFR to B2; outlook negative. Global Credit Research- 25 Mar 2020. New York, March 25, 2020-- Moody's Investors Service, downgraded Lifetime Brands, Inc.' s Corporate Family Rating to B2 from B1, Probability of Default Rating to B2-PD from B1-PD, and senior secured term loan rating to B3 from B2.
Underlying
Lifetime Brands

Lifetime Brands designs, sources and sells kitchenware, tableware and other products used in the home. The company's product categories include two categories of products used to prepare, serve and consume foods, Kitchenware (kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks and bakeware) and Tableware (dinnerware, stemware, flatware and giftware); and one category, Home Solutions, which comprises other products used in the home (thermal beverageware, bath scales, weather and outdoor household products, food storage, neoprene travel products and home decor). The company has two reportable operating segments, U.S. and International.

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
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    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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