Anta Sports’ Business is Improving, Moody’s Says
The Chinese sportswear giant received an outlook upgrade from stable to positive from Moody’s, which also affirmed an A3 issuer rating and expects high-single-digit revenue growth and an adjusted EBITDA margin of 34% to 35%. Revenue rose 13% to RMB 43,507 million ($6,526.1 mm) in the first half, while Anta’s €1.5 billion deal to acquire a 29.06% stake in Puma SE should strengthen its portfolio without weakening credit metrics. Further growth will ... Log in to view full article.
