A version of this article, published earlier today, misstated the rating in the headline. A corrected version follows. Luxembourg–based Samsonite Group S.A. 's credit metrics are projected to weaken in 2025 due to soft consumer and travel trends. We reassessed Samsonite?s financial risk profile to reflect our forecast of near- and longer-term leverage in the 2x-3x range compared to our previous 1.5x-2x range. We believe Samsonite?s proven track record as a strong operator and leader in its segment will allow the company to navigate near-term headwinds, even at slightly higher leverage. Therefore, we affirmed our ?BB+? issuer credit rating as well as our ratings on its senior secured debt and senior unsecured debt at ?BBB-? and ?BB+?, respectively. The stable
