Moody: Costco unaffected

Moody's Investors Service said there is no change to Costco Wholesale Corp.'s A1 senior unsecured rating or stable outlook following the company's announcement that it will purchase the 50% share interest in its joint venture Costco de Mexico, SA de CV from Controladora Comercial Mexicana, SAB de CV for Ps. 10.7 billion.

The agency said the transaction is credit positive.

Moody's said the company should be able to handle the transaction with minimal effect to its liquidity.

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