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A day after Harley-Davidson reported quarterly earnings that disappointed Wall Street, the famed motorcycle maker got a warning that its debt ratings may be cut to junk by spring.
S&P Global Ratings said late Wednesday it placed its credit ratings on Harley-Davidson
HOG on a negative watch. That means S&P could cut its ratings on the company’s bonds in the near future. The agency rates Harley-Davidson’s debt BBB-, the last rung of investment grade.
