DBRS confirms Costco

DBRS said it confirmed the issuer rating and senior unsecured debt rating of Costco Wholesale Corp. at A (high) and its short-term rating at R-1 (low), all with stable trends.

The ratings continue to reflect Costco’s large size, efficient operations, strong market position and the benefits associated with its warehouse membership business model as well as its modest sensitivity to economic cycles, DBRS said. They also consider intense competition in the retail industry, risks associated with a more ambitious geographic expansion and the potential for less conservative financial management.

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