Gap Credit Rating May Be Raised by Moody’s
- Share via
Gap Inc. may have its credit rating raised to investment grade by Moody’s Investors Service because the retailer has kept improving operating margins even as sales have softened.
Gap’s long-term rating of Ba1, the highest non-investment ranking, is under review for a possible upgrade, Moody’s said.
On Wednesday, Fitch Ratings raised the bonds of the nation’s largest clothing retailer to investment grade after Gap reduced debt and improved profit.
Shares of Gap rose a penny to $20.86 on the New York Stock Exchange.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
