Thanks to a stronger than expected operating performance with total sales increasing by 30% last year and China outperforming, S&P Global upgraded Amer Sports’ rating to B+ from B, and similarly upgraded its €1.7 billion senior secured term loan B and €315 million revolving credit facility due in 2026. Amer’s sales in China accounted for 14% of total revenue in 2022, compared with 4% in 2019, S&P said, and strong demand once Covid restrictions were lifted saw the China share at almost 20% of Q1’ sales this ... Log in to view full article.