Moody's upgrades Costco

Moody's Investors Service said it upgraded Costco Wholesale Corp.'s senior rating to A1 from A2 and its senior subordinated rating to A2 from A3.

The outlook is stable.

Moody's said Costco's A1 rating recognizes its position as the leading warehouse club operator in North America, with a destination grocery business that drives significant store traffic, a solidly performing international presence and an innovative complementary Internet business. Additional drivers of the rating include Costco's world-class operating capability and its liquidity profile.

© 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.