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Prospect News home > News index > List of issuers B > Headlines for BJ’s Wholesale Club Holdings, Inc. > News item |
S&P revises BJ’s Wholesale view to positive
S&P revised the outlook for BJ’s Wholesale Club Holdings Inc. to positive from stable and affirmed the company’s B+ rating.
“The positive outlook reflects our belief that BJ’s will maintain its good operating performance because of management’s strategic initiatives, including disciplined cost and inventory management and investments in its omni-channel and customer engagement. We also believe the company’s recently announced financial policy will likely support deleveraging over the next 12 months through both EBITDA growth and debt repayment,” said S&P in a press release.
The agency also affirmed the BB- issue-level rating on the company’s term loan. The 2 recovery rating remains unchanged, indicating an expectation for substantial recovery (70%-90%; rounded estimate: 80%) in the event of a payment default.
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