Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Wesfarmers Ltd. > News item |
S&P upgrades Wesfarmers
Standard & Poor's said it raised the long-term corporate credit and debt issue ratings on Wesfarmers Ltd. to A- from BBB+ and affirmed its A-2 short-term rating.
The outlook is stable.
The upgrade reflects the group's improving business risk profile, particularly its large recession-resistant supermarkets operations, S&P said.
The upgrades also consider its broad operating diversity and strong management, long-term investment focus and disciplined approach to capital management, the agency said.
The company benefits from continuing investment and effective strategies across its other retailing formats, despite a near-term expectation for continuing soft consumer demand, S&P said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.