DBRS raises Costco Wholesale

DBRS said it upgraded Costco Wholesale Corp.’s issuer and senior unsecured debt ratings to AA (low) from A (high) DBRS also changed all trends to stable from positive.

“The upgrades reflect strengthening in the company’s earnings profile over the last few years, underpinned by the strong and steady growth rate of Costco’s business and membership model, and are independent of the recent positive impact on operating results driven by the coronavirus disease (Covid-19) pandemic, which DBRS Morningstar views as temporary in nature,” the agency said in a press release.

The stable trends reflect the view Costco is well-positioned to navigate the environment within the new AA (low) rating category, DBRS said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.