S&P Global downgrades Weber rating further into junk territory after profit warning and says it may

S&P Global Ratings downgraded Weber Inc.'s credit ratings further into high-yield, or junk territory, on Friday, and placed them on CreditWatch negative, meaning they could downgrade them again in the medium term. The rating agency cut the grill maker's issuer credit rating to CCC+ from B. The move came after Weber warned that sales and EBITDA for its third quarter to June 30 will be far weaker than previous estimates and withdrew its fiscal 2022 guidance. "We revised our fiscal 2022...