Moody's changes Target's outlook to positive; affirms A2 long term rating
Rating Action: Moody's changes Target's outlook to positive; affirms A2 long term rating. Global Credit Research- 29 Mar 2022. New York, March 29, 2022-- Moody's Investors Service today changed the outlook for Target Corporation. to positive from stable and affirmed all other ratings including the A2 long-term and Prime 1 short-term ratings.Target provides its customers everyday essentials and merchandise. The company sells an assortment of general merchandise and food. The majority of the company's general merchandise stores provide an edited food assortment, including perishables, dry grocery, dairy, and frozen items. The company's small format stores provide curated general merchandise and food assortments. The company's digital channels include merchandise assortment, including various items found in its stores, along with a complementary assortment. The company also sells merchandise through periodic design and partnerships. The company's owned brands merchandise include: A New Day?, Archer Farms?, Art Class?, Ava & Viv?, Cat & Jack?, and Cloud Island?, among others.
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