Amer Sports Gets Vote of Confidence from Moody’s
The ratings agency elevated AS’ senior secured revolving credit facility to Baa3 from Ba1, lauding the company’s recent debt repayment funded with proceeds from equity issuance. Amer Sports’ Ba1 corporate family rating was affirmed, along with its stable outlook, justified by adjusted leverage that has declined to just 0.9x by the end of the first quarter. Moody’s expects Amer’s revenues ... Log in to view full article.
