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.
“I feel like the [Emmy] nomination is this absurdly generous bonus to something that I’ve already been excited by for quite some time now,” Darren Criss tells @ktauer about his nomination for his role as Andrew Cunanan in The Assassination of Gianni Versace: American Crime Story, “My general attitude toward life is I hope for everything but expect nothing. But when you’re playing for the Warriors, there’s a good chance you’ll make it to the championships. And I’m not saying I’m Steph Curry, but when you’re on [showrunner] Ryan Murphy’s team, it seems more palpable than ever,” he continues. (Criss previously starred on “Glee,” another Murphy creation, although they didn’t directly work together.) “I feel like I’ve already won the lottery.” Read more in WWD.com (📸: @lexieblacklock ) #wwdeye #darrencriss #americancrimestory #emmys2018
Ganni turned over a new leaf for spring 2019, reports @fionawsma from Copenhagen Fashion Week. Instead of sending its signature floral-print dresses down the runway, the brand collaborated with 66 North, a technical outerwear brand, and produced a chic-yet-utilitarian offering that included a tie-dye vest and short set, and leopard-print pieces sprinkled among the khaki parkas and bucket hats. #wwdfashion #ganni #copenhagenfashionweek