S&P Global Ratings said in a note that it lifted GameStop's credit rating to "B" from "B-" and removed it from CreditWatch after the company issued US$550 million in equity and redeemed all balance sheet debt.
BOSTON: Ratings agency S&P Global Ratings on Wednesday raised GameStop's credit rating by one notch, a critical step in the video retailer's transformation into an e-commerce company.
S&P Global Ratings said in a note that it lifted GameStop's credit rating to "B" from "B-" and removed it from CreditWatch after the company issued US$550 million in equity and redeemed all balance sheet debt.
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