RCMECredit materiality pre-analysisIncludes illustrative values
Analytical aid.Not a rating or rating recommendation. Public data only.

Cyber incident surveillance · analysis completed 2026-10-20 18:49:10 UTC

V.F. Corp

CIK 0000103379 · status watch · overall tier elevated. Business risk scores 4 of 5 (elevated); Liquidity risk scores 5 of 5 (severe).

Composite3.0/5 · Moderate
Score breakdownRisk profileFull reportEvidenceDimensionsAudit trail

Business risk

4 / 5 elevated

Engine tier: elevated · engine tier elevated

Key factors

Financial risk

2 / 5 low

Engine tier: low · engine tier low

Key factors

Liquidity gate

5 / 5 severe

Engine tier: high · engine tier high

Key factors

  • gate state fail: post-event A/B 0.85x vs 1.2x fail / 1.32x pass; stressed A-B -374,443,748 scoring_rules.md 4.3

Governance evidence

1 / 5 negligible

Engine tier: not scored · no evidence flags

Key factors

S&P stated conditions

S&P's own published conditions, excerpts verified on the live public page. Distances name their basis.

SideConditionStated levelEngine valueDistanceSource
unfavorableleverage (sustained)"if VF sustains leverage above 4x"4x4.11xnot comparable2025-10-06
favorableleverage"if business performance improves and we expect VF will sustain leverage below 4x"4x4.11xn/a2025-10-06

Distances compare as-reported proxies with S&P's adjusted levels unless the basis says otherwise; for CoreWeave and Applied Digital the proxy understates leverage (S&P adjustments for leases and guarantees are not applied). Open analyst inputs: affected_unit_share, contracted_acquisitions, contracted_asset_sales, expected_shareholder_distributions, working_capital_change_12m.