The ratings service upgraded DKS senior unsecured rating to Baa2 from Baa3 with a stable outlook, on the strength of the retailer’s merchandising, hunting exit, strong vendor partnerships and new strategic initiatives. Dick’s geographic diversification and product mix continues to drive solid performance and Moody’s expects that earnings and cash flow will continue to accelerate. DKS’ long-term strategy will focus on organic growth and new store openings, including around 75-100 big box House of Sport stores through 2027, which will be financed ... Log in to view full article.