31.07.2014 21:21:00
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Nordstrom, Inc. -- Moody's comments on Nordstrom's acquisition of Trunk Club, a credit positive
New York, July 31, 2014 -- Moody's Investors Service today stated that Nordstrom, Inc.'s (Baa1 stable) recent announcement that it will acquire Trunk Club, a personalized men's clothing service, is a credit positive. However, there is no current ratings impact due to its immaterial size relative to Nordstrom's overall business and Moody's expectation that Nordstrom's credit metrics will remain appropriate for its Baa1 rating.