CENTENNIAL (S&P Global Ratings) July 14, 2020--S&P Global Ratings today said that its believes the allegations of securities law violations, including channel stuffing and making false and misleading statements, by Mohawk Industries Inc. (BBB+/Stable/A-2) may negatively affect our rating on the company. However, it is unlikely that we will take any rating action at this time due to the uncertainty around the timing and potential outcome of the lawsuit. That said, we might initiate a rating action when we receive further information that qualifies the potential outcomes and quantifies a more specific financial impact. Mohawk ended the first quarter of 2020 with net debt leverage of 1.9x and had more than $1 billion of liquidity as of March 28, 2020,
