Conair Gets Downgraded by S&P as Tariffs Add to Recent Pressures

S&P Global Ratings downgraded small-appliance maker Conair Holdings to CCC+, predicting weakened operating performance this year because of increased US tariffs.

The one-notch cut from B- might be followed by more, with S&P putting its ratings outlook at developing as default risks over the next year could increase. “Conair’s capital structure is unsustainable in the near term due to high US tariffs on its imports from China and other Asia Pacific countries and lower demand because of macroeconomic uncertainty,” S&P said in a report Monday.

Conversely, an upgrade could occur for the maker of Conair hair dryers and Cuisinart food ...