S&P Downgrades Nike Credit Rating to A with Negative Outlook

Key Facts

1S&P Global Ratings downgraded Nike's credit rating to A from A+.

2The rating agency assigned a negative outlook to the company, indicating potential for further downgrades.

S&P Global Ratings downgraded Nike's credit rating to A from A+. Benzinga reported that the agency also assigned a negative outlook to the company, indicating the potential for further downgrades.

The downgrade reflects concerns regarding Nike's credit profile and financial performance, occurring shortly after the stock reached multi-year lows. NKE closed at $33.87 on October 2, 2026, having traded between a day low of $31.97 and a high of $33.97.