SEATTLE Starbucks Corp.â€™s credit rating was downgraded late Wednesday by ratings agency Moodyâ€™s Investor Services because of the coffeehouse companyâ€™s weaker performance and increased competitive pressures. New York-based Moodyâ€™s lowered the rating of Starbucksâ€™ $550 million senior unsecured notes one notch to Baa3, from Baa2. It also lowered the companyâ€™s short-term commercial paper rating. A general Baa rating is one that holds â€śmoderate credit risk,â€ť according to Moodyâ€™s, and the ...
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