S&P changes At Home view to negative

S&P said it revised its outlook on At Home Group Inc. to negative from stable and affirmed all its ratings, including the B issuer credit rating on the company.

“The negative outlook reflects the potential for a lower rating over the next 12 months if At Home's operating results face greater pressure than we currently forecast and delay the rebound in its earnings and leverage that we expect in fiscal 2024 (ending January 2024),” S&P said in a news release.

At Home Group’s recent operating performance has been strained by supply chain challenges and slowing sales trends, which have pressured credit metrics, the agency said.

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