Newell Brands Inc.: Update following downgrade to Ba2 with negative outlook
Our credit view of this Newell Brands reflects its large scale and recognizable brands against its mature product categories, cyclical demand, and discretionary nature of some products.Newell Brands is a global marketer of consumer and commercial products. The company's segments include: Appliances and Cookware, which designs, manufactures, sources, markets and distributes a various line of household products; Food and Commercial, which designs, manufactures, sources, markets and distributes a various line of household products; Home and Outdoor Living, which designs, manufactures, sources, markets and distributes home fragrance and home security products; and Learning and Development, which designs, manufactures, sources, markets and distributes writing instruments, including markers and highlighters, pens and pencils.
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