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

WhyRegisterfor FREE?

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.

Click here to read the FAQ page if you have any questions (opens in a new window)

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.

Already registered? here.