S&P cuts Brunswick rating to 'BB-'; may downgrade further (at MarketWatch)

SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings Services on Friday lowered Brunswick Corp.'s long-term ratings, including its corporate credit rating and senior unsecured debt rating to BB- from BB+. The ratings were also placed on CreditWatch with negative implications, indicating the possibility of a further downgrade in the near term. "The ratings downgrade and CreditWatch placement are based on unprecedented economic pressures on recreational marine... [read full story]                    

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