Costco Wholesale is the national membership-warehouse retailer. It has 58 million members and 147,000 employees. Foot Locker sells athletic footwear and clothes in its 3,500 stores in the United States, Canada, Europe, Australia, and New Zealand. Keystone Automotive Operations is a wholesale distributor and retailer of automotive aftermarket accessories and equipment, operating throughout the United States and in parts of Canada. The Company sells and distributes specialty automotive products, such as light truck/SUV accessories, car accessories and trim items, specialty wheels, tires, and suspension parts and high performance products. Johnson & Johnson is a holding company, which, through its 250 subsidiary companies, develops, manufactures, and sells a broad range of prescription and nonprescription health care products. It has approximately 115,500 employees.
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Each company received a different rating from the S&P. In descending order, the ratings for these companies were AAA, A+, B+, and CC. These rating are as of February 7, 2011.
Required :
Determine which credit rating was assigned to which company. Write a memorandum explaining the rationale for your decisions