S&P rates The Hut Group B-

S&P said it assigned a B- rating to the Hut Group Ltd. S&P assigned a preliminary B- rating to the company and its €600 million senior secured term loan B in November.

“Our rating on U.K.-based online retailer THG reflects its high growth potential, its strong position in the online premium beauty and sports nutrition markets, a track record of efficient global distribution, and an ample liquidity buffer, sufficient to cover more than three years of operations,” said S&P in a press release.

The outlook is stable.

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