Moody's: Best Buy unaffected

Moody's Investors Service said that Best Buy Co., Inc.'s first quarter financial performance would have no effect on either the Baa2 senior unsecured rating or the stable outlook.

"Led by the domestic business, Best Buy continues to demonstrate that its products and services are resonating sufficiently with enough consumers to post reasonable operating results as evidenced by fairly static year-over-year sales and margins," Moody's senior analyst Charlie O'Shea said in a news release.

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