S&P affirms Alimentation Couche-Tard

S&P said it affirmed its BBB long-term issuer credit rating on Alimentation Couche-Tard Inc. and revised its assessment of Alimentation's liquidity to strong from adequate.

The outlook is stable.

“We revised our liquidity assessment on the company based on our view that Alimentation's expected sources-to-uses of liquidity over the next 12 and 24 months will be over 1.5x and 1.0x, respectively. Contributing factors include stronger operating performance and significant free cash flow following the CST Brands Inc. and Holiday Stationstores acquisitions completed in fiscal 2018,” S&P said in a news release.

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