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Article Date: February 2022
Word Count: 134

Amer Sports Upgraded by S&P Global


Largely echoing Moody’s comments last month on Amer Sports’ operating performance, S&P Global has raised the company’s rating to B from B-, and similarly upgraded its €1.7 billion senior secured term loan B and €315 million revolving credit facility due 2026. The ratings agency confirmed Amer’s €2.5 billion in 2021 revenue, up 15% from 2020 and up 7%-8% from pre-pandemic levels, and said it expected leverage to ... Log in to view full article.

 


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