Fitch affirms Home Depot

Fitch Ratings said it affirmed its ratings on Home Depot, Inc. as follows: long-term issuer default rating at BBB+, bank facility at BBB+, senior notes at BBB+, short-term issuer default rating at F2 and commercial paper at F2.

The outlook is negative.

The agency said that the affirmations reflect Home Depot's leading market position as the largest home improvement retailer in the world, management's focus on strengthening the core retail operations and its strong cash flow generation.

Fitch noted that the ratings also reflect the weak housing market which has been pressuring the company's operating performance and credit metrics and its aggressive financial policy.

© 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.