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Michaels Gets Credit Upgrade From S&P After Debt Cuts

The arts-and-crafts retailer's rating rose to B from B- as the firm cited recent sales growth and debt paydowns.

1 publisher · 1 article · first seen 28 Sept 2026 · updated 2d ago

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  1. Apollo-Backed Michaels Wins S&P Ratings Lift After Cutting Debt Bloomberg Markets ·

In this story

  • Michaels Cos.
  • Apollo Global Management Inc.
  • S&P Global