Adidas obtains investment-grade ratings by S&P and Moody's

Following a thorough assessment by rating agencies S&P and Moody's over the past months, Adidas, a designer and manufacturer of shoes and clothing, has received strong first-time investment-grade ratings by both rating agencies. While Standard & Poor's rated Adidas ‘A+’ with a stable outlook, Moody's granted the company an ‘A2’ rating with a stable outlook.

 

Following a thorough assessment by rating agencies S&P and Moody's over the past months, Adidas, a designer and manufacturer of shoes and clothing, has received strong first-time investment-grade ratings by both rating agencies. While Standard & Poor's rated adidas 'A+' with a stable outlook, Moody's granted the company an 'A2' rating with a stable outlook. #

The ratings make Adidas one of the highest-rated companies both in Germany and in the global sporting goods industry. “The investment-grade ratings are testimony to our track record in delivering strong financial results. Adidas is now ideally positioned to secure access to capital markets at all times and to further optimise its capital structure as well as financing costs. We have proven our resilience in challenging times and are well positioned to benefit from the long-term growth prospects of our industry,” Harm Ohlmeyer, Adidas CFO, said in a press release.

 

Following a thorough assessment by rating agencies S&P and Moody's over the past months, Adidas, a designer and manufacturer of shoes and clothing, has received strong first-time investment-grade ratings by both rating agencies. While Standard & Poor's rated adidas 'A+' with a stable outlook, Moody's granted the company an 'A2' rating with a stable outlook. #

The investment-grade ratings, published has recognised Adidas’ global scale and reach within an attractive industry that is supported by several structural growth drivers, including increasing health awareness, higher sports participation and an accelerating athleisure trend. At the same time, the agencies consider the company’s strong business profile, underpinned by diversification in terms of geographies, products and channels a key strength. 

 

Following a thorough assessment by rating agencies S&P and Moody's over the past months, Adidas, a designer and manufacturer of shoes and clothing, has received strong first-time investment-grade ratings by both rating agencies. While Standard & Poor's rated adidas 'A+' with a stable outlook, Moody's granted the company an 'A2' rating with a stable outlook. #

Standard & Poor’s emphasises that Adidas is well positioned to take advantage of the positive industry trends as a result of high brand awareness and sports credibility with consumers. The agency attributes this to Adidas’ effective and continued marketing investments, the level of which in their view represents a significant competitive advantage to competitors. Moody's particularly emphasised Adidas’ focus on innovation in terms of design, comfort, performance and sustainability. According to Moody’s, this enables Adidas to continuously introduce new technologies and materials, ultimately effectively mitigating the cyclicality of consumer preferences. 

 

Following a thorough assessment by rating agencies S&P and Moody's over the past months, Adidas, a designer and manufacturer of shoes and clothing, has received strong first-time investment-grade ratings by both rating agencies. While Standard & Poor's rated adidas 'A+' with a stable outlook, Moody's granted the company an 'A2' rating with a stable outlook. #

Furthermore, Moody's underlined Adidas’ solid track record of sales growth and operating margin improvement over the past five years, which compares well with that of its sector peers. The company’s strong credit metrics, robust liquidity profile and conservative financial policies were recognised by both agencies.