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 ...
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to the NRN Digital and Print access package, for only a small additional amount, you can get NRN All Access, which includes premium reports such as the annual NRN Top 200 data. Either way, we ask that you register now. We promise it will only take a few minutes!