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Article Date: March 2024
Word Count: 160

Canadian Tire Sees S&P Global Maintain Ratings


Although CTC’s leverage increased to 3.7x in the fourth quarter, the ratings agency affirmed its BBB issuer credit rating for the retailer, with a stable outlook. The 25% year-over-year drop in the company’s EBITDA, along with its repurchase of Canadian Tire Financial Services last quarter, increased its leverage, but S&P expects the elevated levels to be temporary and be reduced throughout the year. Although the top line is not expected to ... Log in to view full article.

 


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