Moody’s affirms Lowe’s Baa1 sr unsecured rating

Moody’s affirms Lowe’s Baa1 sr unsecured rating

Moody’s Investors Service has affirmed Lowe’s Baa1 unsecured rating, maintaining a stable outlook on the company’s financial position. The rating reflects Lowe’s solid balance sheet, strong liquidity profile, and robust capitalization [1].

Lowe’s leadership welcomed the reaffirmation, highlighting that the stable outlook underscores the company’s financial strength and diversification. “The reaffirmation by Moody’s of our Baa1 rating and stable outlook is a testament to our strong balance sheet and liquidity position,” said a spokesperson for Lowe’s.

The affirmation complements Lowe’s existing investment-grade ratings from other agencies, further reinforcing its financial standing in the marketplace. Lowe’s continues to demonstrate its ability to manage risk effectively and maintain a strong financial profile.

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References:
[1] https://www.mychesco.com/a/news/regional/moodys-reaffirms-wsfs-financial-ratings-with-stable-outlook/