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U.K. Retailer The Co-operative Group Ltd. Assigned 'BBB-' L-T Corporate Credit Rating; Outlook Stable May 11 Product Image

U.K. Retailer The Co-operative Group Ltd. Assigned 'BBB-' L-T Corporate Credit Rating; Outlook Stable May 11

  • Published: May 2011
  • Region: United Kingdom, Great Britain
  • Standard & Poors

Abstract
The Co-operative Group Ltd. (Co-operative) is a leading operator of U.K. convenience food stores, pharmacies, and funeral parlors. It also owns a suite of other retail, commercial, and financial services businesses. We assess Co-operative as having a satisfactory business risk profile and a significant financial risk profile. We are assigning our 'BBB-' long-term corporate credit rating to Co-operative. The stable outlook reflects our view that Co-operative will sustain positive sales growth of at least low single digits in the near term. LONDON (Standard & Poor's) May 6, 2011--Standard & Poor's Ratings Services said today that it assigned its 'BBB-' long-term corporate credit rating to U.K. retailer and mutual The Co-operative Group Ltd. (Co-operative). The outlook is stable. The rating on...

Companies mentioned in this report are: Co-operative Group Ltd.
Action: New Rating
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine READ MORE >

Co-operative Group Ltd.

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