NEW YORK — Moody's Investors Service here said Monday it was affirming the corporate credit ratings for Ingles Markets, Asheville, N.C., but changing the outlook from stable to negative based on concerns about a potential lack of margin expansion. In affirming Ingles' senior unsecured notes at B1 and its corporate family rating and probability of default at Ba3, Moody's said the chain "continues to have a solid position in its regional markets, evidenced by same-store sales growth and ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.