Seeking Alpha

Hanesbrands lifted by Moody's

  • Moody's lifts its rating on Hanesbrands (HBI -1.2%) to Ba1 from Ba2 as it reduces the risk of default it associates with the apparel seller.
  • Improved operating margins at Hanesbrands and a debt-to-EBITDA ratio which has fallen to 3.2 caught the attention of Moody's.
  • The ratings agency has a Stable outlook on the company.
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