S&P Global raised the luxury Italian sneaker maker’s long-term issuer credit rating and issue-level rating on the company’s floating rate senior secured notes to BB-, with a stable outlook. The ratings agency expects Golden Goose’s adjusted leverage will be sustained at about 3.0x on a gross basis over the next two years, as the company continues to focus on higher-margin wholesale and direct-to-consumer. Revenue growth is forecast at 9% to 10% per year with adjusted EBITDA margins at ... Log in to view full article.