| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for H.B. Fuller Co. > News item |
S&P cuts H.B. Fuller
S&P said it downgraded its ratings for H.B. Fuller Co. and its secured debt to BB from BB+. The agency also lowered the company’s unsecured debt rating to BB- from BB. The recovery ratings on the secured debt remain 3 and 5 on the unsecured debt.
“Challenging macroeconomic conditions will weaken demand for adhesives and sealants, and weaken earnings and credit measures at H.B. Fuller relative to our previous expectations. S&P Global Ratings now projects negative GDP growth in the U.S. and eurozone for the full year 2020 before rebounding in 2021,” the agency said in a press release.
The outlook is negative.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.