NY -- Standard&Poor's CreditWire 8/19/96 -- Standard&Poor's today has assigned its single-`A'-plus corporate credit rating to Nike, Inc. The rating, assigned under Standard&Poor's corporate credit rating service, serves as an indication of Nike's general credit strength, and is not assigned to a specific debt issue. The outlook is stable. Nike's `A-1' commercial paper rating is affirmed. Nike's rating reflects its number-one share in the U.S. athletic footwear market and its leading position internationally in this very competitive, marketing intensive industry. The rating also reflects the company's conservative financial profile, supported by continuing strong profitability and cash flow. Nike has been able to achieve growth rates well above the industry average due to the strength
