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S&P rates Amer Sports loan B-
S&P said it assigned a B- rating with a 3 (50%) recovery rating to Amer Sports Holding 1 Oys 100 million senior secured facility B2 and revised the outlook to stable from negative.
The stable outlook reflects our view that, over the next 12 months, Amer Sports can manage its liquidity needs thanks to 44 million available on the RCF and 400 million-405 million cash on the balance sheet, pro forma for the additional facility B2 issuance. We estimate this should be sufficient to prevent any test of the springing financial covenant over the same period, S&P said in a press release.
S&P also affirmed Amer Sports B- issuer rating.
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