Under Armour Outlook is Negative, Moody’s Says
The ratings agency changed Under Dog’s outlook to negative from stable, while affirming its Ba2 corporate family rating and Ba3 rating on UA’s senior unsecured notes, citing the company’s recent settlement of shareholder litigation. The payout is expected to total $370-380 million in cash, net of expected insurance proceeds, and another $81 million will go to redeem a bond maturity. That will significantly reduce UA’s large ... Log in to view full article.
