Vista Outdoor Scores S&P Upgrade
VSTO’s stronger than expected results through Dec. led S&P Global to raise its issuer credit rating and unsecured debt rating to BB from BB-, and the ratings agency is now forecasting that revenue will approach $3 billion, bringing leverage down to 1.2x. The revision is a significant improvement from S&P’s prior expectations for about $2.4 billion in revenue and leverage of 1.8x. S&P gave Vista a stable ... Log in to view full article.