Moody’s Investors Service has upgraded Hanesbrands Inc.’s corporate family credit rating a single notch to the highest non-investment grade.
Moody’s said Tuesday that the corporate family rating has been raised to “Ba1” from “Ba2” based on “improved operating margins resulting from a combination of lower overall production costs and a modest increase in revenues.” Scott Tuhy, vice president and senior credit officer of Moody’s corporate finance group, noted that the current debt-to-EBITDA ratio of 3.2 and interest coverage of 4.7 times are the strongest since the 2006 spin-off of the company from its former parent, Sara Lee Corp.
@deciem is all about transparency and approachability. At this year’s WWD Digital Beauty Forum, the brand's co-CEO @nicolakilner said talking to customers directly about the ingredients in products and how they work is key. #wwdsummits #wwdbeauty
‘We didn't know how relevant our film would be when we were making it. When Steven [Rogers] wrote the script Trump wasn't president, class divide in America wasn't as evident as it is now, though it was present. The Time’s Up movement hadn't began and the way we look at women and treat women who speak out — thankfully that is something that seems to have shifted in the last year. I think we just need to continue making art that provokes the conversation and do what we can,’ said ‘I, Tonya’ actress @margotrobbie. Head to WWD.com to see all the celebrities who walked the red carpet @bafta #timesup #wwdeye (📸: Neil Hall)
Gemma Arterton is joined on the @bafta’s red carpet by Eileen Pullen and Gwen Davis, the two women who started the fight for the pay-gap. ‘They represent a normal person speaking out for what is right. Speak out, we will listen and anyone can speak out,’ said Arterton. #eebaftas #timesup #wwdeye (📸: David Fisher)