Amer Sports Scores Upgrade from Moody’s
The ratings agency upgraded Amer’s corporate family rating to Ba3 from B1, and its senior secured term loan ratings, after completing its secondary share offering. The outlook was changed to stable from positive. Net proceeds of at least $900 million will go towards paying the $425 million outstanding USD term loan and a portion of the $476 million equivalent outstanding on the Euro term loan. Pro ... Log in to view full article.
