CHICAGO — Fitch Ratings here on Friday said it affirmed its ‘CCC’ default ratings on Supervalu, saying the divestitures announced Thursday reduced its exposure to competitive pressures, but are offset by slightly higher debt leverage and deteriorating conditions at its legacy businesses. The ‘CCC’ rating represents extremely high risk. As previously reported by SN, Minneapolis-based Supervalu agreed to a $3.3 billion offer from a consortium led by Cerberus ...
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