VF Corp. Senior Unsecured Ratings Cut To Junk By Moody's; Shares Spike Lower
Portfolio Pulse from Benzinga Newsdesk
Moody's has downgraded VF Corp.'s senior unsecured ratings to junk status, leading to a decline in the company's share price.
September 17, 2024 | 7:42 pm
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Moody's downgraded VF Corp.'s senior unsecured ratings to junk status, which has negatively impacted the company's stock price.
The downgrade to junk status by Moody's is a significant negative event for VF Corp., as it reflects concerns about the company's creditworthiness. This has led to a decrease in investor confidence, causing the stock price to drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100