A lot of times the bonds trade closer to investment grade before the actual ratings get there. The market has already baked it in.
Even if these improvements fall short of expectations, they will make the company more attractive to a potential buyer.
Some investment grade mutual funds and pension plans can't hold paper that's below investment grade. People that couldn't own it because of the ratings restriction now can look at it again.
The timing of (the upgrade) makes sense given that the fourth quarter is such a crucial part of a retailer's year.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.