Leading positions in its core global markets; Good geographic diversification and global supply chain; Solid operating performance despite global economic and some foreign exchange headwinds; and Operates in the highly competitive athletic footwear and apparel industry. Continues to maintain very strong credit metrics; Consistently generates good cash flow; and Maintains cash balances in excess of debt. Standard&Poor's Ratings Services stable rating outlook reflects that we expect NIKE Inc.'s credit measures to remain strong and support ongoing growth initiatives and shareholder reward programs. We believe NIKE's operating performance will be stable based on the strength of the NIKE brand, product innovation, successful product launches, and its global supply and distribution platforms. We expect NIKE to maintain debt-to-EBITDA leverage below
