Canadian Tire Leverage Will Improve, S&P Forecasts
Standard & Poor’s maintained the Canadian retailer’s BBB+ issuer credit rating, forecasting an increase in EBITDA this year driven by growth of its private label brands, further integration of Helly Hansen, and a focus on improving operating efficiency. The ratings agency expects CTC to improve its debt/EBITDA ratio below 2.75x ... Log in to view full article.