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McDonald's Corp. 'BBB+' Rating Affirmed On Improved Liquidity Assessment; Outlook Stable
  • 05-Apr-2019 15:04 EDT
View Analyst Contact Information


  • Chicago-based quick-service restaurant (QSR) chain McDonald's Corp.
    currently generates robust free operating cash flow in the $5 billion to
    $6 billion range annually, by our estimates, and we expect further
    strengthening to over $7 billion annually in the coming two years as menu
    and technology initiatives grow market share globally.
  • As a result, we revised our liquidity assessment to strong from adequate,
    incorporating availability under McDonald's $3.5 billion line of credit.
  • We affirmed all of our ratings, including the 'BBB+' issuer credit
    rating, on McDonald's Corp.
  • The stable outlook reflects our expectation that the company will
    continue to execute its operational plans to renovate its U.S.-based
    stores and focus on delivery and moderate technology investments over the
    coming year.
 
scusate una domanda forse banale...ma sulle obbligazioni europee corporate (francesi o tedesche) c'è la doppia imposizione? o solo sulle azioni?
 

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