U.S. Markets open in 8 hrs 47 mins

HD Supply, Inc. -- Moody's upgrades HD Supply's CFR to Ba1; outlook stable

Moody's Investors Service ("Moody's") upgraded HD Supply, Inc.'s ("HDS") Corporate Family Rating to Ba1 from Ba2 and its Probability of Default Rating to Ba1-PD from Ba2-PD. Moody's also upgraded the rating on the company's senior secured term loan to Ba1 from Ba2 and its senior unsecured notes to Ba2 from Ba3 and affirmed the company's SGL-1 Speculative Grade Liquidity Rating. The upgrade of the Corporate Family Rating reflects Moody's expectation that HDS will continue to follow conservative financial policies with respect to its use of available cash flow.