Moody’s Weighs in on Authentic Brands’ Reebok Acquisition
The ratings agency said that ABG’s acquisition of Reebok from Adidas will have no immediate effect on its B2 corporate family rating and stable outlook, but the full balance sheet impact is not yet known. Moody’s cited the company’s strong track record of buying, integrating and successfully growing brands, but does expect it to take on a significant amount of debt to fund the acquisition. Too, Reebok’s turnaround ... Log in to view full article.