NEW YORK (Standard&Poor's CreditWire) June 30, 2000--Standard&Poor's today affirmed its single-'A' long-term corporate credit and senior unsecured debt ratings for Nike Inc. following the company's announcement of its $1 billion share repurchase program. The 'A-1' short-term corporate credit and commercial paper ratings for the company also were affirmed. About $1.3 billion of total debt is outstanding as of Feb. 29, 2000. The outlook is stable. The affirmation anticipates that Nike's share repurchase program will be funded out of internally generated cash flow over the next couple of years. Ratings are based on Nike's strong number-one share in the U.S. athletic footwear market and its leading positions internationally in this very competitive, marketing-intensive industry. The ratings also
