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Politics
Apollo-Backed Michaels Wins S&P Ratings Lift After Cutting Debt
📅28 September 2026 at 20:45
📰Bloomberg
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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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Source: This article was originally published by Bloomberg. All rights reserved to the original publisher.
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