Tempur Sealy International Inc.: Update following affirmation of Ba3 CFR and change to positive outlook
Our credit view of Tempur Sealy International, reflecting its balanced financial policies and diverse omnichannel approach, offset by the discretionary nature of products.Tempur Sealy International develops, manufactures, and markets bedding products. The company's portfolio of product brands includes Tempur?, Tempur-Pedic?, Sealy? featuring Posturepedic? Technology, Stearns & Foster? and Comfort Revolution?. The company operates in two segments: North America and International. The company's North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries and licensees located in United States and Canada. The company's International segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America.
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