Capital Market Journal

Capital Markets are the cornerstone foundation of economies

Adidas’debt credit rating downgraded, on declining profit and retail sales

Adidas senior unsecured debt credit rating downgraded to A3 from A2 the long-term issuer ratings of Adidas AG. Moody’s also downgraded Adida’s short-term issuer rating to Prime-2 from Prime-1. RATING RATIONALE Today’s rating action is prompted by a steep profit…