Varsity Brands Upgraded by S&P Global
After a similar move by Moody’s last week, S&P Global raised its issuer credit rating on the BSN Sports and Varsity Spirit parent company to B from B- with a stable outlook and bumped up its term loan rating to B. The rating agency forecasts that Varsity's reported revenue will increase by about 6% and adjusted EBITDA will grow about 12% this ... Log in to view full article.
