Moody's lifts view on Kingfisher to stable

Moody's Investors Service said it changed the outlook on the Baa3 rating of Kingfisher plc to stable from negative.

"The outlook revision to stable reflects the improvement in Kingfisher's earnings since the start of 2009, achieved through improved like-for-like sales, helped by favorable weather conditions in the first nine months of the year, as well as a continued focus on cost efficiency and good progress in working capital management," said Yasmina Serghini-Douvin, a Moody's assistant vice president, analyst and lead analyst for Kingfisher, in a news release.

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