S&P Global Ratings officially cut V.F. Corporation's credit rating to junk status on November 13, 2024. This downgrade was primarily driven by continued falling revenues across its top four brands.
The rating agency cited weak metrics as a key factor in its decision. This indicates a heightened level of financial risk associated with the company's operations.
The junk rating can lead to increased borrowing costs and may restrict VFC's access to certain debt markets, impacting its ability to finance ongoing operations and strategic initiatives.
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