Moodys Investors Service - Wolverine World Wide Inc. (WWW) Wolverine World Wide, Inc.: Update following downgrade to Ba3 with a negative outlook

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Moody's Investors Service

EUR 233.43 For Business Accounts Only

Wolverine World Wide, Inc.: Update following downgrade to Ba3 with a negative outlook

Our credit view of Wolverine reflects its diversified portfolio including well-positioned footwear brands, as well as its temporarily high leverage.

06/02/2023 1 EN

Underlying

Wolverine World Wide Inc.

Wolverine World Wide is a designer, marketer and licensor of a range of casual footwear and apparel, performance outdoor and athletic footwear and apparel, kids' footwear, industrial work boots and apparel, and uniform shoes and boots. The company has two segments: Wolverine Michigan Group, consisting of Merrell? footwear and apparel, Cat? footwear, Wolverine? footwear and apparel, Chaco? footwear, Hush Puppies? footwear and apparel, Bates? uniform footwear, Harley-Davidson? footwear and Hytest? safety footwear; and Wolverine Boston Group, consisting of Sperry? footwear and apparel, Saucony? footwear and apparel, Keds? footwear and apparel, and the Kids footwear business.

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US9780971035 New York Stock Exchange United States

Provider

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
21,000 public finance issuers
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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Wolverine World Wide, Inc.: Update following downgrade to Ba3 with a negative outlook

Wolverine World Wide, Inc. - December 2023 (LTM): Peer Snapshot

Vermilion Compass: Weekly Equity Strategy

Vital Signs: Actionable charts

Infographic: Nickel price slump is a silver lining for stainless steel and battery electric vehicle sectors

Macquarie Bank Limited: Update following rating action

Union Bank of the Philippines: Update following rating affirmation

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