Tupperware is increasing its efforts to "contemporize Tupperware" and to leverage the consumer influence" of its brand, he said. The sales force is using "digital tools and techniques to bring Tupperware's relevant products to market during unprecedented times," the company said. In May, Moody's downgraded Tupperware's credit rating to Caa3 from B3 and its probability of default rating to Caa3-PD from B3-PD. "Tupperware's significant earnings erosion in 2020, the difficulty of executing a meaningful turnaround in the current recessionary economic environment and high leverage ... create elevated default risk," the credit-rating company said then. In the current statement, Chief Financial Officer Sandra Harris said that while the company's 4.75% 2021 senior notes became current in June, it retired about $100 million of the notes at a discount to par. "Additionally, we continue to work with our advisors to explore opportunities to repurchase, refinance or extend the maturity on our debt," she said.