{
  "id": 10532945,
  "title": "Apollo-Backed Michaels Wins S&P Ratings Lift After Cutting Debt",
  "url": "https://urgent.news/2026/09/28/apollo-backed-michaels-wins-s-p-ratings-lift-after-cutting-debt",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T20:45:28.000Z",
  "source": {
    "name": "Bloomberg",
    "slug": "bloomberg",
    "url": "https://www.bloomberg.com/news/articles/2026-09-28/apollo-backed-michaels-wins-s-p-ratings-lift-after-cutting-debt"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}