Authentic Brands Scores S&P Global Upgrade
The owner of Reebok, Champion, and dozens of other brands was upgraded to BB- from B+ by S&P Global, including its issuer credit rating and issue-level ratings on its first-lien senior secured debt. ABG has grown both revenue and EBITDA at a compound annual growth rate of about 20% over the past five years, the ratings agency said, and has meaningfully reduced its adjusted leverage to below 4x. Across all ... Log in to view full article.
