S&P Downgrades Nike Credit Rating to 'A' on China Weakness and Cash Flow Pressure

Key Facts

1S&P Global Ratings downgraded Nike's credit rating to 'A' citing weakness in the Chinese market.

2The agency noted that turnaround efforts are dragging on cash flow amid declining sales.

S&P Global Ratings downgraded Nike's credit rating to 'A' citing persistent performance weakness in the Chinese market. The agency noted that the company's turnaround efforts are dragging on cash flows amid declining sales, according to reporting from Investing.com.

Nike (NKE) closed at $33.87 on October 2, 2026, with the stock reaching a session high of $33.97 and a low of $31.97. The downgrade reflects the impact of a slowdown in the Chinese consumer market and the financial strain caused by strategic shifts aimed at stabilizing revenue growth.