NEW YORK — Moody's Investor Service here said Thursday it has affirmed all of Kroger Co.'s existing debt ratings while maintaining the company's financial outlook at stable.
"Kroger has continued to outperform its peers in a challenging and highly competitive business environment as it focuses on customer satisfaction and loyalty through pricing, service and merchandising initiatives," Moody's said.
"Despite the formidable challenge posed to traditional supermarkets by alternative food retailers, Kroger will remain an effective and relevant competitor given its size, store format diversification and wide array of private and national brands."