NEW YORK - Moody's Investors Service on Tuesday said it has upgraded the debt of Tops Holding Corp., parent of the Tops Friendly Markets chain, citing the successful integration of the Penn Traffic acquisition. As reported on Monday, Tops posted net income of $6.4 million for the recently ended third fiscal quarter, on a 3.6% gain in sales. The company said it is seeing strong gains at the 51 acquired Penn Traffic stores that have been converted to Tops. "The business and execution risk ...
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