Standard & Poor’s Boosts Short Term Rating On Starbucks (SBUX) #coffee

Aug 28, 2009 (SmarTrend(R) News Watch via COMTEX) — 8/28/2009-Standard & Poor’s announced Friday that it raised its short-term and commercial paper rating on Starbucks (NASDAQ:SBUX) from A-3 to A-2. S&P also raised its ratings outlook for the coffee franchise from negative to stable while maintaining its BBB corporate credit rating. An analyst with S&P said,”The ratings are based on Starbucks’ leading market position and excellent brand recognition in the specialty coffee market in the U.S., as well as a history of strong cash flow generation”

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