We are affirming our ratings, including our 'BBB+' long-term corporate credit rating, on Canadian Tire Corp. Ltd. At the same time, we are revising our financial risk profile on the company to intermediate from modest. We have also revised our financial policy and comparable rating analysis modifiers to neutral from negative. The stable outlook on Canadian Tire reflects our expectation that the company will maintain adjusted debt-to-EBITDA in the low-2x area and funds from operations to-debt at about 35% through 2018. On Sept. 7, 2016, S&P Global Ratings affirmed its ratings on Canadian Tire Corp. Ltd., including its 'BBB+' long-term corporate credit rating and senior unsecured debt rating on the company. The outlook is stable. At the same time, S&P
