Moody's Raises W.W. Grainger's Senior Unsecured Rating to A1; Outlook Stable
Moody's Ratings has upgraded W.W. Grainger, Inc.'s senior unsecured rating to A1 from A2 and left the outlook as stable. The agency also affirmed the company's commercial paper rating at Prime-1 while moving its outlook from positive to stable. Moody's highlighted Grainger's robust cash generation, conservative leverage, leading market position in …