Decathlon's satisfactory business risk profile reflects the company's position as Europe's largest and most diversified provider of sporting goods and its integrated business model. The group has a modest financial risk profile, reflecting very low leverage and a prudent financial policy, resulting in our expectation of adjusted debt to EBITDA of about 1.0x in 2016 and 2017. We are assigning our 'A-2' short-term rating to Decathlon. On May 10, 2016, S&P Global Ratings assigned its 'A-2' short-term corporate credit rating to French sports goods retailer Decathlon S.A. Decathlon is a leader in the sports equipment and sportswear retail industry in France, Spain, Italy, and Belgium. Our assessment of its business risk profile as satisfactory reflects the company's integrated business model,
