NEW YORK Credit rating agency Standard & Poor’s revised upward its short-term look at Starbucks Corp.’s corporate credit rating, citing cost controls and the reduction of debt. S&P said Friday the coffeehouse company’s rating, which is BBB, one that is just three notches below the highest rating of AAA, was affirmed and given a stable outlook, up from a negative one, because of improved credit metrics and stabilized performance. “The ratings are based on Starbucks’ leading market position ...
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Contact: Desiree Torres Desiree.Torres@penton.com