CHICAGO — Fitch Ratings here said Thursday it has assigned a rating of BBB (lower medium grade) to Kroger Co.'s $450 million issue of 2.2% notes due in 2017, with a stable outlook. Kroger issued the notes to fund a contribution to a newly consolidated multi-employer pension fund. According to Fitch, the rating reflects Kroger's industry-leading sales growth and market share gain, strong cash flow and relatively steady credit metrics, along with its more aggressive share ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.