S&P cuts Kellwood outlook to negative

Standard & Poor's said it revised its outlook on Kellwood Co. to negative from stable.

Ratings on the company, including the BB corporate credit rating, were affirmed, the agency said.

S&P added that the rating on Kellwood reflects the company's participation in the highly competitive apparel industry, its exposure to changing consumer preferences, its below-average operating margins and its acquisitiveness.

Mitigating factors include the company's position as a major supplier of branded and private-label apparel and its diverse distribution channels, according to the agency.

© 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.