Preview - Please log in to view full article.

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.


Already a subscriber?

User Name:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.