Moody's lowered its rating for Caleres' liquidity because of the American shoe retailer's acquisition of Vionic for $360 million (see our previous issue) reduced the availability of cash under its $600 million asset-backed revolving credit. On the other hand, the rating agency felt that Caleres should be able to meet ...
Your membership benefits:
If you aren’t ready to subscribe now, choose the 30 day trial for 1€. To continue reading this article REGISTER NOW.