SPGI · News · 20260821N

Ratings performance

S&P Global Inc. · 2026-08-21 · Importance 17 · Surprise 24

S&P Global Ratings upgraded Somnigroup International’s issuer rating to BB+ from BB. The upgrade reflected lower leverage following Somnigroup’s integration of Mattress Firm. S&P Global Ratings expects Somnigroup to continue reducing adjusted leverage to approximately 3.2x in fiscal 2026.

Key facts

• S&P Global Ratings forecast Somnigroup will expand sales by approximately 2% and reduce adjusted leverage to about 3.2x in fiscal 2026. source
• S&P Global Ratings said Somnigroup's proposed acquisition of Leggett & Platt is expected to close in Q3 2026 and will be leverage neutral. source
• S&P Global Ratings upgraded Somnigroup International Inc.'s rating to 'BB+' from 'BB'. source