Moody’s changes Samsonite view

Moody's Investors Service said it revised Samsonite International, SA's ("Samsonite") outlook to negative from stable.

Moody's also affirmed the company's rating including the Ba2 corporate family rating.

The speculative grade liquidity rating was downgraded to SGL-2 from SGL-1.

The negative outlook reflects Moody's expectation that reduced travel related to the coronavirus will weaken demand for Samsonite's products leading to lower revenue and earnings, the agency said.

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