NEW YORK — Moody's Investors Service here said Monday it has downgraded the corporate family rating of BJ's Wholesale Club to B2 from B1. Moody's also said it downgraded BJ's probability of default rating to B2 from B1; downgraded the ratings on two existing secured term loans; and also assigned provisional ratings to two proposed secured term loans. BJ's, based in Westborough, Mass., said it plans to raise approximately $690 million in new debt to execute a ...
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.