Newell Brands Downgraded by Moody's, Faces Financial Challenges

Newell Brands faces financial challenges as Moodys Ratings downgrades their Corporate Family Rating, citing weak consumer demand, higher operating costs, and a high debt-to-earnings ratio. However, Newell is working on a plan to boost sales and profit margins, and Moodys upgrades their liquidity rating due to recent debt refinancing and available credit. Despite these efforts, significant risks remain, particularly if consumer demand doesnt improve.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.