Samsonite International S.A. (Samsonite) continues to deleverage with its revenue and EBITDA growth. The Tumi Holdings Inc. (Tumi) integration continues to be on track. As a result, we believe that Samsonite may deleverage to below 3x within the next 12 months. We are revising the outlook to positive from stable. We are affirming all of our ratings on the company, including our 'BB' corporate credit rating. The positive outlook reflects our belief that we could raise the ratings within the next 12 months if Samsonite can reduce debt leverage to and sustain it at about 3x or below and continues to generate good free operating cash flow. On April 12, 2017, S&P Global Ratings revised the outlook to positive from
