The ratings agency changes Amer’s outlook to stable from negative, and now sees the Anta Sports-controlled company’s operating performance recovering from sales and earnings hits it took during the pandemic. Moody’s maintained its B3 corporate family rating, probability of default rating and ratings on Amer’s debt, which consists of a €1,800 million guaranteed senior secured term due in 2026 and a €315 million guaranteed senior secured revolver due in 2025. It still expects Amer’s credit metrics to remain weak over the next 12-18 months, despite the cash boost from the sale of Precor to Peloton.

Amer Sports’ revenues declined 16% in ... Log in to view full article.