TEXT-Fitch affirms Target Corp at 'A-'
Posted on June 21, 2012 at 15:06 PM EDT
June 21 - Fitch Ratings has affirmed its long-term Issuer Default Rating (IDR) on Target Corporation (Target) at 'A-', and its short-term IDR at 'F2'. The Rating Outlook is Stable. Fitch also assigned an expected rating of 'A-' to Target's planned issue of 30-year notes. Target had $450 million of commercial paper and around $13.7 billion of rated senior notes outstanding as of April 28, 2012. A full rating list is shown below. The ratings reflect Target's strong competitive position in the di