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S&P Global upgrades Michaels' corporate credit rating to B- from CCC+ with stable outlook, citing significant improvement in operating margin and cash generation in fiscal 2023; steady adjusted EBITDA expected in 2024 despite sales pressure
Published: April 15, 2024 by Retail Dive
Ardagh Group saw its total borrowings near €11.2B in 2023, per its latest annual report, Irish Times reports; S&P recently downgraded Ardagh’s debt rating, warning that its balance sheet may become ‘unsustainable’ if it continues to burn cash
Published: April 15, 2024 by Irish Times (Ireland)
S&P Global downgrades British Columbia's credit status to AA- due to risk of outsize deficits, record levels of capital spending over next three years; Moody's maintains province's AAA rating, but revises outlook to negative
Published: April 10, 2024 by Canadian Press DataFile
S&P: China's e-commerce sector seeing stagnant growth, increased competition, cautious consumer spending; PDD becomes China's second most popular e-commerce platform, recognizing consumers seek value-for-money products, with focus on unbranded products
Published: April 09, 2024 by AASTOCKS (HK)
Petco analyst roundup: S&P Global downgrades issue credit rating to B from B+, expects pressure on profits over next 12 months; BofA cuts target by US$1.50 to US$5, citing eroded market share and forecasting continued sales and margin declines into 2025
Published: April 08, 2024 by Retail Dive

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