NEW YORK — Moody's Investors Service here said Tuesday the renewal by Stater Bros. Holdings of its revolving credit facility will not have any impact on its ratings.
"The renewal and extension of the revolving credit restores access to an important source of external capital," Marie Menendez, Moody's senior vice president, said. "It also bolsters Stater's liquidity, which we already believe to be good as a result of positive cash flow from operations after capital expenditures, high accumulated cash balances and prudent financial policy."
Stater renewed its revolving credit facility with an expiration of April 2013. The credit facility is unrated, and its renewal has no impact on Stater's corporate family rating of B2 or on its other debt ratings, Menendez said.
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