NEW YORK — Moody's Investors Service here said Wednesday it was downgrading Supervalu's ratings, saying it is unlikely the company's performance metrics will improve meaningfully in the near term due to weak industry conditions and unique company factors. However, the outlook for Supervalu's ratings is stable, Moody's said, based on the company's strategy to leverage its scale to reduce costs while focusing on local merchandising and operations — a plan that will ultimately be beneficial, ...
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.
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.