Moody's Ratings upgrades Wolverine's CFR to B1, SR unsecured notes to B2

Moody's Ratings has upgraded Wolverine Inc.'s Corporate Family Rating (CFR) to B1 from B2, with the rating outlook set to stable. Concurrently, the rating agency also upgraded the company’s short-term unsecured notes to B2 from B3. The upgrade reflects Moody's assessment of improved financial stability and operational performance at Wolverine, driven by stronger liquidity management and a more sustainable capital structure. The agency noted that Wolverine has demonstrated a capacity to manage its debt obligations effectively, despite ongoing challenges in its core markets. The stable outlook indicates that further rating changes are unlikely in the near term, provided the company maintains its current trajectory of financial discipline and operational efficiency. Investors are advised to monitor Wolverine’s exposure to sector-specific risks and its ability to sustain profitability amid evolving market conditions. This action underscores capacity to meet obligations.