Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tempur Sealy International, Inc. > News item |
S&P shifts Tempur Sealy view to stable
S&P said it revised its outlook for Tempur Sealy International Inc. to stable from positive and affirmed the company’s BB- rating.
“The outlook revision to stable from positive reflects our belief that a global recession will substantially curtail demand for Tempur's products. We do not believe the company will achieve our benchmarks for an upgrade during the next 12 months, including maintaining leverage at 3x or below and weathering a recession with peak leverage at 4x,” said S&P in a press release.
© 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.