DBRS confirms Sysco

DBRS said it confirmed the long- and short-term ratings of Sysco Corp. and Sysco International, ULC (based on the guarantee from Sysco) at AA (low) and R-1 (middle).

Sysco continues to generate highly stable operating results and performed well in fiscal 2010 despite facing increasingly challenging market conditions, according to the agency.

The company's core credit metrics were steady, the agency said, with an adjusted debt-to-EBITDA ratio at roughly 1.1 times.

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