Vince Downgraded After Financial Results Delayed
One year ago - By WWD
Vince isn't having a great week.
Days after the brand decided to delay filing its financial results with the Securities and Exchange Commission, citing technical difficulties, analysts with Moody's Investor Service decided to downgrade the company's credit rating to Caa1, a non-investment level rating associated with substantial risk.
Vince was previously rated at B3, a more speculative rating but one still considered not to be investment worthy. The company's default rating also received a downgrade to Caa1 from B3 and its liquidity rating was bumped down to SGL-4 from SGL-3, meaning it's...
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