Moody's Ratings downgrades VF Corp.'s senior unsecured ratings to Ba1; assigns Ba1 CFR
Moody's Ratings (Moody's) downgraded V.F. Corporation's (VF Corp.) senior unsecured notes ratings to Ba1 from Baa3, senior unsecured shelf and senior unsecured MTN program ratings to (P)Ba1 from (P)Baa3, subordinate shelf rating to (P)Ba2 from (P)Ba1 and preferred shelf rating to (P)Ba3 from (P)Ba2...VF is an apparel and footwear company. The company designs, produces, procures, markets and distributes a variety of lifestyle products, including outerwear, footwear, occupational and performance apparel, jeanswear, backpacks and luggage for consumers of all ages. Products are marketed primarily under the company-owned brand names. The company's segment comprised of: Outdoor, which includes performance-based and outdoor apparel, footwear and equipment; Active, which includes active apparel, footwear and accessories; Work, which consists of work and work-inspired lifestyle apparel and footwear and occupational apparel; and Jeans, which markets denim and related casual apparel products.
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