The ratings agency assigned a BBB issue-level rating to DKS’ proposed $1 billion senior unsecured notes, which is on equal footing with its existing senior unsecured debt, while affirming that its BBB issue credit rating and stable outlook remain unchanged. Proceeds are expected to be used for general corporate purposes, including potential share repurchases, with any remaining funds retained as balance-sheet cash. If the retailer uses the full issuance for share repurchases, adjusted leverage could rise ... Log in to view full article.