Herman Miller Downgrade Watch...

Posted by Expert Gadget Reviewer on Friday, 22 January 2010

Times are tough for everyone these days as office furniture royalty, Herman Miller, found out this week. Best known for their "modern classic" furniture pieces, Herman Miller found themselves on the "downgrade watch" after Standards & Poor's Credit Rating Services said the company's "operating conditions remained difficult and credit metrics had deteriorated."

Herman Miller's corporate credit rating is BBB, two steps above the "junk" level.