Nike shares are trading lower. S&P downgraded its credit rating on the stock from A+ to A, outlook negative, due to the company's 'protracted turnaround' and an expected steep decline in cash flows.
Nike shares are trading lower. S&P downgraded its credit rating on the stock from A+ to A, outlook negative, due to the company's 'protracted turnaround' and an expected steep decline in cash flows.
AI-generated summary for informational purposes only. Always verify against the original filing. Not investment advice. BriefTape is not a registered investment adviser.
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