On Feb. 2, 2009, Standard&Poor's Ratings Services placed Seattle-based Starbucks Corp.'s 'A-2' short-term ratings on CreditWatch with negative implications. Starbucks' long-term corporate credit rating and outlook remain unchanged. Standard&Poor's issued the CreditWatch on Starbucks' short-term rating because we expect to review the company's corporate credit rating and outlook within the next week. A revision in the company's outlook to negative from stable would trigger lowering the short-term rating to 'A-3.' We will resolve the CreditWatch upon completion of the corporate credit rating review. Starbucks Corp. Long-Term Credit Rating BBB/Stable Ratings Placed On CreditWatch To From Short-Term Credit Rating A-2/Watch Neg A-2 Starbucks Corp. Commercial Paper (1 issue) A-2/Watch Neg A-2
