Skechers Parent’s Rating Affirmed by Fitch
The ratings agency affirmed Beach Acquisition Co. Parent LLC’s (dba Skechers) long-term issuer default ratings at B+, with a stable outlook, citing the footwear maker’s revenue of around $9.6 billion, good cash flow and strong track record for growth. Fitch forecasts that Skechers’ adjusted leverage will moderate to the high-4x range by 2027, driven by modest EBITDA expansion and debt repayment on its $1.6 billion ... Log in to view full article.
