S&P lowers Brunswick

Standard & Poor's said it lowered its long-term ratings on Brunswick Corp.

The corporate credit rating was lowered to BBB- from BBB, the agency said, noting that it placed these ratings, along with the A-3 short term rating, on CreditWatch with negative implications, indicating the possibility for downward rating action over the immediate term.

S&P added that the rating downgrade and CreditWatch placement reflect its concerns about the effects of Brunswick's operating outlook revision on credit quality and, more broadly, conditions in the recreational marine industry.

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