The ratings agency affirmed GIL’s long-term issuer default rating of BBB with a stable outlook, trumpeting Gildan’s $4.5 billion acquisition of Hanesbrands, nearly doubling the company’s revenue base to just over $6.0 billion, guided for FY ‘26 from $3.3 billion standalone. EBITDAR leverage is elevated at around 3.0x following the close of the deal; however, leverage should return to below 2.5x over the next 12-18 months, according to Fitch. Gildan ought to grow organically in the low single digits, with activewear improving to low- to ... Log in to view full article.