Fitch downgrades Costco's IDR to A+ Fitch Ratings has downgraded Costco's Issuer Default Rating to 'A+' from 'AA-'. The Rating Outlook is Stable. The rating action follows Costco's announcement that it plans to issue new senior unsecured debt securities to substantially fund a special dividend of $7 per share, or around $3B.
News For COST From The Last 14 Days
Check below for free stories on COST the last two weeks.
Costco selling Apple products again, says Jefferies Jefferies says that starting in late June, Costco (COST) began selling Apple (AAPL) products in stores and online again, after not carrying the brand since 2010. The firm thinks the move will help Costco's weaker performing Consumer Electronics category. Jefferies expects Costco to report a June comp store sales increase of 5%-6% and keeps a Hold rating on the stock.