Fitch Rates Banc of America Dutch Auction Pfd Corp's Pfd Stock 'A+'

...The revision of Harley-Davidson, Inc.'s (HOG) Outlook to Stable from Negative reflects Fitch Ratings' view that the weakening of the company's credit profile over the past several years has stabilized, due in part to benefits from its Hardwire strategic plan. Although annual motorcycle shipments over the next few years are likely to remain lower than pre-pandemic levels through much past decade, Fitch expects revenue, profitability and FCF to benefit from an emphasis on higher-margin motorcycles, as well as increased parts and accessories and general merchandise sales....

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