SEATTLE Starbucks Corp.’s credit rating was downgraded late Wednesday by ratings agency Moody’s Investor Services because of the coffeehouse company’s weaker performance and increased competitive pressures. New York-based Moody’s lowered the rating of Starbucks’ $550 million senior unsecured notes one notch to Baa3, from Baa2. It also lowered the company’s short-term commercial paper rating. A general Baa rating is one that holds “moderate credit risk,” according to Moody’s, and the ...
Register to view this article
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 NRN we ask that you register now. We promise it will only take a few minutes!