SEATTLE (dpa-AFX) - Fitch Ratings said Tuesday that it has affirmed Starbucks Corp.'s (SBUX) long-term Issuer Default rating at 'A-' and short-term IDR at 'F2'.
The Rating Outlook is Stable.
Fitch said the ratings reflect its expectation that Starbucks will maintain total adjusted debt-to-operating EBITDAR in the low 2.0x range within the near-term time horizon.
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