DBRS assigns A to Home Depot notes

DBRS said it assigned a rating of A with a stable trend to Home Depot, Inc.’s multi-tranche debt issuance totaling $3.5 billion announced on Nov. 27.

“Home Depot’s ratings continue to be supported by its dominant market position, large scale, geographic diversification and free cash-generating capacity. The ratings also reflect the intense competition and cyclicality of the home improvement retail industry as well as risks related to possible future growth strategies,” DBRS said in a news release.

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