NEW YORK (Standard&Poor's) May 1, 2008--Standard&Poor's Ratings Services said today that there is no immediate impact on Home Depot Inc.'s (BBB+/Stable/A-2) ratings, following the Atlanta, Ga.-based company's announcement earlier today. Home Depot said that it has approved a plan to close 15 underperforming stores in 2008, and scale back 50 new U.S. stores in the pipeline for 2009 and beyond. The company expects to incur an aggregate of $586 million in pretax charges relating to these actions, $547 million of which is expected to be taken in the first quarter of fiscal 2008. Plans to open 55 new stores (including 36 in the U.S.) in 2008 remain unchanged. Home Depot still expects 2008 capital expenditures to
