Nike Downgraded by S&P Global
The Swoosh’s issuer credit rating was lowered by S&P one notch to A+ from AA- with a stable outlook, citing sales and margin declines last year that are expected to persist into fiscal 2026. The ratings agency believes it will take multiple years for Nike to regain lost market share in both apparel and footwear. Nike’s cash and investment hoard totals about $9.2 billion and provides a ... Log in to view full article.
