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Moody's announces completion of a periodic review of ratings of Michae...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Michaels Stores, Inc.. Global Credit Research- 09 Mar 2021. New York, March 09, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Michaels Stores, Inc. and other ratings that are associated with the same analytical unit.

Michaels Stores, Inc.: Credit update after ratings put on review for d...

Our credit update after Michaels Stores entered into a definitive agreement to be acquired by investment funds managed by affiliates of Apollo Global Management, Inc.

Moody's places Michaels' ratings on review for downgrade

Rating Action: Moody's places Michaels' ratings on review for downgrade. Global Credit Research- 04 Mar 2021. New York, March 04, 2021-- Moody's Investors Service, placed Michaels Stores, Inc.' s Ba3 corporate family rating on review for downgrade.

Michaels Stores, Inc.: Covenant Quality Post-Sale Snapshot: $375m 4.75...

The covenant package of Michaels Stores, Inc.’s Notes provides weakest-level protection, as reflected by a CQ score of 4.75.

Michaels Stores, Inc.: Update following affirmation of Ba3 CFR

Our credit view of Michaels Stores, reflects its leading position in the highly fragmented arts and crafts segment and its very good liquidity.

Moody's affirms Michaels Ba3 CFR; assigns Ba3 to senior secured notes

Rating Action: Moody's affirms Michaels Ba3 CFR; assigns Ba3 to senior secured notes. Global Credit Research- 17 Sep 2020. New York, September 17, 2020-- Moody's Investors Service affirmed Michaels Stores, Inc.' s Ba3 corporate family rating, its Ba3-PD probability of default rating, its Ba3 senior secured rating and its B2 unsecured rating.

Michaels Stores, Inc.: Update to following downgrade to Ba3, stable

Rationale of Michaels' credit profile includes pressure from COVID-19 store closures, large scale, strong market position, and ownership by private equity.

Moody's downgrades Michaels to Ba3; outlook stable

Rating Action: Moody's downgrades Michaels to Ba3; outlook stable. Global Credit Research- 13 May 2020. New York, May 13, 2020-- Moody's Investors Service, downgraded Michaels Stores, Inc.' s corporate family rating to Ba3 from Ba2, its probability of default rating to Ba3-PD from Ba2-PD, its senior secured rating to Ba3 from Ba2, and unsecured rating to B2 from B1.

Moody's announces completion of a periodic review of ratings of Michae...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Michaels Stores, Inc.. Global Credit Research- 21 Apr 2020. New York, April 21, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Michaels Stores, Inc. and other ratings that are associated with the same analytical unit.

Michaels Stores, Inc.: Covenant Quality Pre-Sale Snapshot: $500m _% Se...

The covenant package of Michaels Stores, Inc.’s Notes provides weakest-level protection, as reflected by a CQ score of 4.82.

Michaels Stores, Inc.: Update to Discussion of Key Credit Factors

Rationale of Michaels' credit profile includes its scale, strong market position, and solid credit metrics. Sponsor ownership constrains its credit profile, though is decreasing.

Moody's assigns a B1 to Michaels sr unsecured notes

Rating Action: Moody's assigns a B1 to Michaels sr unsecured notes. Global Credit Research- 17 Jun 2019. New York, June 17, 2019-- Moody's Investors Service assigned a B1 to Michaels Stores, Inc.' s proposed 8 year $500 million senior unsecured note offering.

Moody's announces completion of a periodic review of ratings of Michae...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Michaels Stores, Inc.. Global Credit Research- 30 May 2019. New York, May 30, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Michaels Stores, Inc. and other ratings that are associated with the same analytical unit.

Michaels Stores, Inc.: Investing to maintain lead in mature industry

Michaels is the leader in the highly fragmented, mature arts and craft's industry. The company is less vulnerable to disruption from online retailers and will continue to grow slowly

Michaels Stores, Inc.: Update to Discussion of Key Credit Factors

Rationale of Michaels' credit profile includes its scale, strong market position, and solid credit metrics. Sponsor ownership constrains its credit profile, though is decreasing.

ODDO : The party continues! Q2 2018 likely to see organic growth rates...

The update to our trend indicator provides a still very favourable message for Q2 2018. We are forecasting organic growth of around 10% at constant currency (cc). Asia-Pacific will remain the main engine of growth even though activity in China has stalled slightly. Few major changes in the balances in the regions. The operating differences remain fairly marked between the players. Winners Kering, LVMH and Hermès still take it all. - >Organic growth is forecast at around 10...

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