Moody's Ratings Changes NIKE's Outlook To Negative Affirms A2

By Reuters News

Oct 15 (Reuters) - NIKE, Inc. NKE.N:

  • MOODY'S RATINGS CHANGES NIKE'S OUTLOOK TO NEGATIVE; AFFIRMS A2

  • MOODY'S: CHANGE IN OUTLOOK TO NEGATIVE REFLECTS NIKE'S LONGER THAN PREVIOUSLY ANTICIPATED TURNAROUND

  • MOODY'S: EXPECT NIKE'S REVENUE & EARNINGS TO DECLINE THROUGH FISCAL YEAR ENDING MAY 2027, INTO ITS FISCAL 2028

  • MOODY'S: EXPECT NIKE'S STRATEGIC ACTIONS TO PRESSURE EARNINGS FOR REMAINDER OF FY ENDING MAY 2027 & INTO FISCAL 2028, CONSTRAINING CREDIT METRICS

Further company coverage: NKE.N

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