Financial

S&P affirms Foot Locker’s BB+ issuer credit rating

2022-06-01T09:48:00

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Although the rating agency acknowledged that lower Nike sales would impact the retailer’s revenue and margins, S&P Global affirmed Foot Locker’s BB+ issuer credit rating with a stable outlook. S&P also sees volatile fashion cycles combined with long sourcing lead times due to ongoing supply chain challenges as a risk ...

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