S&P rates Reebok convertibles BBB

Standard & Poor's said it assigned its BBB rating to Reebok International Ltd.'s proposed $350 million senior unsecured convertible debentures due 2024 and affirmed its BBB corporate credit and senior unsecured debt ratings on the company. The outlook is stable.

S&P said the ratings on Reebok reflect its well-recognized brand name, improved product portfolio and good cash flows and liquidity position.

These factors are somewhat offset by the high degree of fashion risk in the athletic footwear market and significant competition in Reebok's core segments, according to S&P.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.