Nike Downgraded by Moody’s
The ratings agency sees a mixed bag in the Swoosh’s turnaround efforts, with a longer-than-expected timeframe prompting a downgrade of its senior unsecured notes to A2 from A1, senior unsecured shelf to (P)A2 from (P)A1, and senior unsecured Medium-Term Note Program to (P)A2 from (P)A1. The Prime-1 commercial paper program rating was affirmed, and Moody’s revised Nike’s outlook to stable from negative. While noting Q1 2026’s 28% EBIT decline, Moody’s sees “clear signs that ... Log in to view full article.
