The Big a’s senior unsecured debt and long-term issuer ratings were downgraded one notch to A3 from A2 by Moody’s, which also downgraded its short-term issuer rating to Prime-2 from Prime-1, and maintained its negative outlook on the company. Adidas already had a negative outlook, but the ratings agency cited the “significant and unexpected” downward revision in future expectations in the company’s Feb. 9 press release for the downgrade. Looking forward to 2023, Adidas’ best ... Log in to view full article.