Amer Sports Upgraded by S&P Global
Largely echoing Moody’s comments last month on Amer Sports’ operating performance, S&P Global has raised the company’s rating to B from B-, and similarly upgraded its €1.7 billion senior secured term loan B and €315 million revolving credit facility due 2026. The ratings agency confirmed Amer’s €2.5 billion in 2021 revenue, up 15% from 2020 and up 7%-8% from pre-pandemic levels, and said it expected leverage to ... Log in to view full article.