Moody’s revises VF outlook

Moody's Investors Service said it changed VF Corp.'s outlook to negative from stable.

At the same time, Moody's affirmed VF's ratings, including the Baa1 senior unsecured rating, the provisional Baa1 senior unsecured shelf rating and senior unsecured medium-term note program rating, the provisional Baa3 preferred shelf rating, the provisional Baa2 subordinate shelf rating and Prime-2 commercial paper rating.

“The outlook change to negative reflects VF's weaker than expected near term operating performance expectations, increasingly challenging operating environment as well as its higher than expected debt levels,” the agency said in a news release.

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