Moody’s assigned Dick’s SG a Prime-2 short-term rating on its new $500 million commercial paper program, while affirming its Baa2 senior unsecured ratings and a stable outlook. The rating reflects the retailer’s good liquidity and projected cash flow, with approximately $821 million cash on its balance sheet, coupled with no borrowings under its $2 billion revolving credit facility, which expires Jun. 2030, and no near-term debt maturities. The rating agency says the Foot Locker acquisition should ... Log in to view full article.