Wal-Mart Tops S&P Credit Rankings for US Retailers
Wal-Mart (NYSE: WMT) tops Standard & Poor’s latest credit ranking of US retailers, the only publicly traded company with a credit rating of AA/Stable/A-1+, with excellent business risk and minimal financial risk.
At the other end of the scale BI-LO LLC is the only firm with a D- credit rating, edging out Harry & David and Sbarro (both rated CC-). All three are rated vulnerable on business risk and highly leveraged on financial risk. The lowest-ranked publicly traded companies are Finlay Enterprises (OTC: FNLY) and Eddie Bauer Holdings (NASDAQ: EBHI), both rated CCC-/vulnerable/highly leveraged.
S&P on March 31 lowered its debt recovery rating on Eddie Bauer.
Standard & Poor’s Ratings Services anticipates that the severe negative credit trends for these sectors in 2008 will continue throughout 2009, making it the 11th straight year of declining credit quality.
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
