NEW YORK — Moody's Investors Service here on Monday placed Ingles Markets’ ratings under review for possible downgrade, citing concern over financing for a warehouse expansion as well as margin pressure. Ingles, based in Asheville, N.C., said it would issue $99.7 million in Recovery Zone Facility bonds before the end of the year to finance the expansion of its distribution center as well as for eligible costs for store expansion. Moody's said its review would focus on Ingles’ ability to ...
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.