Coach (COH) Assigned '(P)Baa2 Senior Unsecured Shelf Rating by Moody's
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S&P Assigns 'BBB-' CCR to Coach (COH); Outlook is Negative
December 1, 2014 10:29 AM ESTStandard & Poor's Ratings Services assigned its 'BBB-' corporate credit rating to New York City-based Coach Inc. (NYSE: COH) and its proposed shelf registration for senior secured notes. The outlook is negative.
Coach has a leading position in the highly competitive premium handbag/accessories industry and good brand recognition, diverse geographic footprint with a meaningful international presence, despite its recent loss of domestic market share. Recent headwinds are the company's... More
