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
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Research type: News
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