The ratings agency affirmed the Eager Beavertons’ excellent AA- issuer credit rating and unsecured debt ratings and A-1+ short-term and commercial paper ratings, but revised its outlook to negative due to recent revenue and profit declines. S&P said the CEO transition, cancelled investor day, and withdrawn guidance make it likely that a recovery may take longer than previously expected. Reduced sales of Air Force 1, Air Jordan 1, and Dunk, efforts to clear excess inventory, and weak global macroeconomic trends, especially in China, led S&P to reduce ... Log in to view full article.