Varsity Brands Outlook Upgraded by S&P
S&P Global revised its outlook for the BSN Sports and Varsity Spirit parent to stable from negative, while maintaining its CCC+ issuer credit rating and issue-level ratings. Revenues plunged last year when team sports were suspended in much of the country, but rebounded in Q2 almost 90%. BSN Sports revenues were up 20% from 2019 levels, the ratings agency said, but Varsity Spirit is still below where it was two years ... Log in to view full article.