Completing its review of VF Corp.’s credit rating following its December acquisition of Supreme, Moody’s kept the company’s rating stable but lowered its senior unsecured debt and shelf ratings slightly. It confirmed its P-2 short-term commercial paper rating. Moody’s noted that VF’s financial leverage will remain high, predicting that its debt/Ebitda ratio will go down to about 3.5 times over the next 12 to 18 months as a result of the $2.1 billion takeover, while remaining above a prior threshold of 2.0 times. It assigned a Baa1 rating to VF’s unsecured debt, considering that Supreme will complement its core brands in a way that will accelerate the group’s consumer-driven, retail-centric and hyper-digital transformation. Another rating agency, Standard & Poor’s, had previously downgraded VF’s unsecured debt rating as well as its issuer credit rating because of Supreme’s takeover.