BJ's Wholesale Club Receives First-Time Investment Grade Rating from Fitch

MARLBOROUGH, Mass.--(BUSINESS WIRE)--BJ's Wholesale Club (NYSE: BJ) today announced that Fitch Ratings has assigned a first-time Long Term Issuer Default Rating of ‘BBB' to the company. Fitch has also assigned BBB+ ratings to the company's ABL revolving credit facility and secured term loan due 2029. The ratings carry a Stable Outlook. "Fitch's investment-grade ratings reflect BJ's continued growth and commitment to financial discipline,” said Laura Felice, Chief Financial Officer, BJ's Wholesa.