Amer Sports Scores Moody’s Upgrade
Leverage and FCF improvements backed by strong consumer demand led Moody’s to retain a stable outlook for the company and upgrade its corporate family rating to Ba1 from Ba3, with similar upgrades to its debt ratings. The ratings agency noted 2024’s debt repayments have reduced interest expense, with debt-to-EBITDA leverage guided to remain flat or dip slightly below the current 2.0X level. Sales are expected to grow in the high-teens, ... Log in to view full article.
