NEW YORK (Standard&Poor's) Aug. 1, 2013--Standard&Poor's Ratings Services said today that Starbucks Corp.'s plan to issue $750 million of additional debt over the next one or two quarters has no impact on its 'A-' corporate credit rating or the stable outlook. The proceeds will provide the company greater financial flexibility for general corporate purposes and is consistent with our view that the company will still have about $2 billion of debt capacity at the current rating. The rating on Seattle-based Starbucks Corp. reflects its "strong" business risk profile and "modest" financial risk profile. We based our assessment of Starbucks' business risk profile on its leading market position and excellent brand recognition in the specialty coffee market.
