S&P Raises Herbalife Credit Rating After Stabilizing Operations and Debt Reduction Progress
S&P Global Ratings upgraded Herbalife Ltd. to 'BB-' from 'B+' and assigned issue-level ratings to several proposed secured facilities, citing stronger operating results, management's financial targets and planned refinancing to extend maturities and lower interest costs. The rating action accompanies forecasts for modest revenue and EBITDA growth a…