Under Armour Downgraded by Moody’s
The ratings agency downgraded Under Dog’s corporate family rating to B1 from Ba3 and also lowered its issue-level ratings, changing its outlook to stable from negative. Moody’s believes Under Armour’s turnaround will be more challenging than previously anticipated due to cautious retailer orders and tariffs, leading to revenue and earnings declines in the second half of FY ‘26. Adjusted debt/EBITDA is projected to increase to high 5x at ... Log in to view full article.
