S&P Global affirmed the Italian luxury sneaker maker’s company B+ on its €480 million first-lien senior secured notes due in 2027 and removed them from CreditWatch positive, with a stable outlook. It was removed from CreditWatch since the planned IPO didn’t materialize and has since been suspended. The ratings agency expects Golden Goose to continue generating solid revenue growth, outperforming its addressable market, with adjusted EBITDA margins of 32%-34% this year, adjusted debt-to-EBITDA ratios of 3.0x-3.5x over the next 12 months, and free operating cash flow after leases ... Log in to view full article.