Fitch trims Harley-Davidson

Fitch Ratings said it downgraded the long-term issuer default ratings of Harley-Davidson, Inc. and its Harley-Davidson Financial Services, Inc. subsidiary to A- from A.

In addition, Fitch said it downgraded the senior unsecured ratings of the companies to A- from A. The outlooks both companies are negative.

“The downgrade of HOG's IDR to A- from Awith a negative outlook reflects Fitch's concerns that the company's motorcycle shipments will be materially lower in 2020 as the coronavirus pandemic significantly curtails both near-term production and underlying motorcycle demand,” said Fitch in a press release.

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