Target (TGT) Says Network Glitch 'Permanently' Resolved
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Target (TGT) IDR Affirmed at 'A-' by Fitch
June 16, 2014 12:14 PM EDTFitch Ratings has affirmed its long-term Issuer Default Rating (IDR) on Target Corporation (NYSE: TGT) at 'A-', and its short-term IDR at 'F2'. The Rating Outlook is Stable. Target had $14.1 billion of debt outstanding as of May 3, 2014. A full rating list is shown below.
Key Rating Drivers:
The affirmation reflects Target's strong competitive position in the discount retail sector and steady but recently softer performance from its U.S. business. These factors are balanced against a difficult market entry into Canada leading to sizable operating losses, with challenges ahead in turning... More
