Market Overview

Fitch Affirms Costco's IDR at 'A+'; Outlook Stable

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Fitch Ratings has affirmed Costco Wholesale Corporation's (Costco)
Issuer Default Rating (IDR) at 'A+'. Costco had $5.2 billion of debt
outstanding at Sept. 1, 2013. The Rating Outlook is Stable. A full list
of rating actions follows at the end of this press release.

KEY RATING DRIVERS

The affirmation reflects Costco's strong competitive position, solid
operating performance, and ample free cash flow and liquidity. Costco
benefits from a focused merchandising strategy, with only 3,700
fast-turning products per warehouse and limited pricing mark-ups,
resulting in a loyal customer base and highly productive warehouses that
generate, on average, more than $160 million in revenues annually. High
frequency categories account for a

See full press release

Posted-In: News Guidance Management Global

 

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