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A Remote Vision Guidance System. Edition No. 1
Standard & Poors, May 1997
Abstract
NY -- Standard & Poor's CreditWire 5/15/97 -- Standard & Poor's today has raised its corporate credit ratings on Costco Companies Inc. (Costco) and unit Costco Wholesale Corp. to single-`A'-minus from triple-`B'-plus. At the same time, the senior unsecured debt rating on Costco is raised to triple-'B'-plus from triple-'B' and the subordinated debt rating on its subsidiary Costco Wholesale Corp. is raised to triple-'B'-plus from triple-'B'. The upgrades reflect continued strong operating and financial performance and expectations that the positive trend will continue. Costco operates about 200 wholesale clubs in the U.S. and 75 internationally. The membership warehouse business is a low-margin, high volume concept which has produced good profitability and cash flow. Over the last two years, return on...
Companies mentioned in this report are: Costco Wholesale Corp.
Action: Upgraded
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 the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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