NEW YORK (Standard&Poor's) Feb. 2, 2009--Standard&Poor's Ratings Services said today it 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. "We 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," said Standard&Poor's credit analyst Jackie E. Oberoi. 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," added Ms. Oberoi.
