New York, October 11--Moody's Investors Service raised the outlook for Lowe's to positive from stable, citing factors including the company's growing market share and strong financial performance.
An outlook revision to positive suggests the company has a higher chance of its ratings being raised over the next 18 months, which in turn could lower its borrowing costs slightly.
Moody's also affirmed the company's long-term senior unsecured rating at "A2," the sixth-highest level, and the company's commercial paper rating at "Prime 1," the highest level.
