Standard & Poor’s said Under Dog’s outlook is stable, an upgrade from the previous negative outlook based on the company’s improving financials, while maintaining its BB issuer credit rating. UA’s leverage ended 2020 at 2.7x, but the ratings agency expects debt to EBITDA to fall below 2.0x by the end of 2021 with revenue increasing high-teens and the majority of its restructuring now complete. The company’s $1.3 billion cash hoard will be used for investments in the business, a tuck-in acquisition, or perhaps ... Log in to view full article.