Home improvement retailer Home Depot continues to perform strongly and we think the company will sustain performance improvements over the intermediate term. We are raising all ratings on the company, including the corporate credit rating to 'A' from 'A-'. At the same time, we are removing the ratings from CreditWatch with positive implications. The stable outlook reflects our expectation that the company's solid performance will continue while it maintains strong credit metrics. (Watch the related CreditMatters TV segment titled, "Standard&Poor?s Takes Rating Actions On Home Depot," dated Oct. 15, 2013.) On Oct. 15, 2013, Standard&Poor's Ratings Services raised its corporate credit rating on Atlanta-based Home Depot Inc. to 'A' from 'A-' and its short-term ratings to
