The ratings agency completed a periodic review of credit ratings of seven industry mainstays, but it did not take any action to revise those ratings up or down at this time. Nike, VF Corp. and Under Armour get investment-grade ratings from Moody’s, and all three companies were lauded for their significant scale and strong brands. Nike’s A1 senior unsecured rating is supported by its solid track record of revenue and excellent credit metrics, with the only risks the cyclicality and changing consumer preferences in footwear and apparel, and its reliance on a single brand. VF’s A3 senior unsecured rating foresees ... Log in to view full article.