Tool and equipment retailer Harbor Freight Tools U.S. Inc. has continued to generate healthy sales and profit growth, which we expect to continue in the near term. As a result, we revised our business risk assessment to "fair" from "weak". We are raising our corporate credit rating on the company to 'BB-' from 'B+'. At the same, time we raised the issue-level ratings on the term loan to 'BB-' from 'B+'. The stable outlook reflects our expectation that the company?s good operating performance will continue over the next 18 to 24 months as it accelerates store growth. We believe credit metrics could modestly improve while the company manages capital investments and dividends to shareholders. On May 11, 2015, Standard&
