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.
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ImpactNotable 35/100
Why it mattersRule-based estimate: no strong signals; trust 9/10.
RegionsGlobal
Published4 h ago (Mon, 28 Sep 2026 20:45:28 GMT)
RetrievedMon, 28 Sep 2026 22:00:41 GMT via rss
ClassifiedMon, 28 Sep 2026 22:00:58 GMT by heuristic
AuthorJosie Reich