NEW YORK -- Major supermarket operators can expect a stable business outlook intermediately, according to a report by Standard & Poor's, a credit ratings agency here. fundamentals and the industry's preponderance of noninvestment-grade ratings, Janis C. Richards, a Standard & Poor's analyst, said in the report. The companies' median rating is in the 'B' category, a noninvestment-grade status; only 24% of the ratings are investment-grade. Many ratings, such as for Kroger Co. and ...

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