Bass Pro, Cabela’s Parent Scores S&P Upgrade
Great Outdoors Group LLC saw S&P Global Ratings raise its issuer credit rating to BB- from B+ on good operating performance and less aggressive credit metrics, along with expectations that the Sportsman’s Warehouse acquisition will close this year. Total revenues increased nearly 15% last year, driving a more than 35% increase in adjusted EBITDA, and the gains have continued into 2021, with first half revenues up 15% and adjusted EBITDA up over 50%, the ratings agency reported. ... Log in to view full article.