S&P Assigns 'BBB-' CCR to Coach (COH); Outlook is Negative
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Coach (COH) Assigned '(P)Baa2 Senior Unsecured Shelf Rating by Moody's
December 1, 2014 10:24 AM ESTMoody's Investors Service today assigned a (P) Baa2 senior unsecured shelf rating to Coach, Inc. (NYSE: COH). The rating outlook is stable. This is a first time rating for Coach.
The following ratings were assigned:
Senior unsecured shelf rating: (P) Baa2
RATINGS RATIONALE
Coach's (P) Baa2 senior unsecured shelf rating reflects its ownership of the long-lived "Coach" brand which continues to hold one of the leading shares in the women's handbag and small leather goods segment in its key geographic markets and its meaningful scale with excess of $4.5 billion in global... More
