Moody’s rates Amer Sports B1

Moody's Investors Service said it assigned a B1 long-term corporate family rating, and a B1-PD probability of default rating to Amer Sports, Inc.

Concurrently, the agency said it affirmed the B1 rating on the €700 million backed senior secured term loan due February 2031 and the $800 million backed senior secured revolving credit facility due February 2029 borrowed by Amer Sports Corp., and affirmed the B1 ratings on the $500 million backed senior secured term loan and $800 million backed senior secured notes, both due February 2031 and borrowed by Amer Sports Co. The outlook is positive.

Moody's noted it also withdrew the B2 CFR and B2-PD PDR of Amer Sports Holding 1 Oy, as well as the B2 ratings on Amer Sports Holding Oy's €1.7 billion backed senior secured term loan B due March 2026 and €315 million backed senior secured revolving credit facility due September 2025, which have been repaid. Previously, the ratings were on review for upgrade. This rating action concludes the review for upgrade started on Jan. 23 after Amer Sports IPO.

“As a result, the upgrade to B1 was also driven by the company's financial strategy and risk management, which are governance considerations under Moody's general principles for assessing environmental, social and governance risks methodology,” the agency said in a statement.

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