NEW YORK -- Moody's Investors Service here said last week it had placed the debt of Kmart Corp., Troy, Mich., on review for possible downgrade in light of ongoing restructuring initiatives and pressure from a chilly business environment. Currently, the discounter's senior unsecured debt rests at Baa3, the lowest tier of investment grade. Moody's analyst Philip Emma said, "They're performing operations better than they were, but the finances haven't yet caught up to that." Since August ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.  What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.