NEW YORK — Moody's Investor Service here said Tuesday it was affirming its ratings for C&S Group Enterprises, Keene, N.H., and was revising the wholesaler's outlook from stable to negative following the bankruptcy filing Sunday of A&P.
A&P is one of C&S Whole Grocers' largest customers, accounting for an estimated 20% of the company’s annual revenue, Moody's noted.
Moody's said it affirmed C&S' Ba3 corporate family and probability of default ratings and its B2 senior ...
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