Reported 2 days ago
Moody’s Ratings upgraded Smith & Nephew plc’s long-term rating from stable to positive, citing solid revenue and margin growth as part of the company’s transformation plan. As free cash flow has returned to pre-pandemic levels, Moody’s highlighted the firm’s financial flexibility and cautious strategy aiming for net leverage around 2x. Expectations are set for significant cash flow generation in the coming years, despite potential concerns regarding US tariffs.
Source: YAHOO