Birkenstock Sees S&P Global Upgrade Ratings
S&P upgraded BIRK’s long-term issuer credit rating to BB, up from BB-, and assigned a BB+ rating on its new €375 million and $280 million term loans due 2029, while also raising the issue rating on the existing €428.5 million senior unsecured notes due 2029 to B+ from B. The ratings agency said that Birkenstock outperformed expectations with 22% year-on-year revenue growth ... Log in to view full article.
