Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Apollo-Backed Michaels Wins S&P Ratings Lift After Cutting Debt

Michaels Cos., the arts-and-crafts retailer owned by Apollo Global Management Inc., received a credit upgrade on Monday from S&P Global. The ratings firm raised Michaels to B from B-, citing recent sales growth and debt paydowns.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

More in Finance & Markets

Oversold Conditions For Brunswick (BC)

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a…

More from Monday 28 September →