By  on June 23, 2012

Moody’s Investors Service Friday raised Dillard’s Inc.’s corporate credit rating a single notch, to “Ba3” from “B1,” lifting the Little Rock, Ark.-based department store into the family just below investment grade.

Margaret Taylor, vice president and senior credit officer of Moody’s corporate finance group, upgraded Dillard’s in light of “continued strong operating performance and Moody’s opinion that its credit metrics will remain good.”

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