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Friday, 08/29/2014 2:42:17 PM

Friday, August 29, 2014 2:42:17 PM

Post# of 363115
$MIK,...Moody's ups its rating on Michaels

Moody's upgrades the credit rating of Michaels Company (MIK -0.4%) after seeing the company use some of its IPO cash to lower its debt load.

The rating goes to B1 from B2 on a stable outlook from the agency and reflects its view of Michaels' scale and strong market position.

invest at your own risk, based on your own due diligence, at your own risk tolerance

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