Academy’s Outlook Upgraded by Moody’s
Expecting that ASO will reduce its debt to EBITDA to 1.5x over the next 12-18 months from 1.9x currently, the ratings agency changed its outlook to positive, in contemplation of a future ratings upgrade. The retailer’s corporate family and debt ratings were maintained at Ba-2 for now. Despite the competitive marketplace and recent negative comps, Moody’s believes that new ... Log in to view full article.
