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S&P Raises the Adidas Rating to 'A' for a "Better than Expected Deleveraging"
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They have also raised short-term issuer rating from 'A-2' to 'A-1', and unsecured debt rating, consistent with issuer credit rating, from 'A-' to 'A'. "Despite a volatile operating environment and strong performance in 2024, Adidas continues to benefit from two-digit sales growth (around 13%) in all markets and channels, driven mainly by the footwear category (which increased by 17% in the first quarter of 2025, accounting for 61% of total sales…
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