Newell Brands Inc.’s credit rating was downgraded to “junk” status by S&P Global Ratings, which cited deteriorating credit metrics coupled with weaker demand...
Newell Brands Inc.’s NWL credit rating was downgraded to “junk” status by S&P Global Ratings, which cited deteriorating credit metrics coupled with weaker demand for its products, and the company’s prioritizing of shareholder returns over debt reduction. Shares of the consumer brands company, with brands including Sharpie, Paper Mate and Graco, fell 0.2% in afternoon trading, paring earlier gains of as much as 2.5%.
’s NWL credit rating was downgraded to “junk” status by S&P Global Ratings, which cited deteriorating credit metrics coupled with weaker demand for its products, and the company’s prioritizing of shareholder returns over debt reduction. Shares of the consumer brands company, with brands including Sharpie, Paper Mate and Graco, fell 0.2% in afternoon trading, paring earlier gains of as much as 2.5%.
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