Under Armour Outlook Cut to Stable by S&P
S&P Global maintained Under Dog’s BB issuer credit rating, but changed its outlook from positive to stable, as it expects soft demand and margin pressure to persist. The ratings agency does expect operating performance to improve after the end of fiscal 2023, with leverage remaining between 2x and 3x over the long term, up from about 1.4x now. But UA will need to battle ... Log in to view full article.
