Moody's alters Amer Sports view to positive

Moody's Investors Service said it changed Amer Sports Holding 1 Oy’s outlook to positive from stable.

"The outlook change to positive reflects Amer Sports' sustained strong operating performance, which will lead to a faster deleveraging profile than previously anticipated, with Moody's adjusted gross leverage ratio reducing to below 6.5x over the next 12-18 months," said Pilar Anduiza, Moody's lead analyst for Amer Sports, in a press release.

Concurrently, Moody's affirmed the company's B3 corporate family rating and its B3-PD probability of default rating. The agency also affirmed the B3 ratings on the €1.7 billion guaranteed senior secured term loan B due 2026 and the €315 million guaranteed senior secured revolver due 2025, both borrowed by Amer Sports' subsidiary, Amer Sports Holding Oy.

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