S&P UPGRADES KROGER RATING TO BBB NEW YORK — Standard & Poor's here last week said it has raised its corporate credit rating on Kroger by one notch, from BBB- to BBB. The change reflects Kroger's commitment to reduce debt obligations as well as S&P's belief that the retailer will fare better than its peers in the tough economy, the agency said in a release. S&P lowered Kroger's credit rating to BBB- in 2005 when its debt ratio was about 3.5 times earnings. The company today ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
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 complimentary access to the SN salary survey data tables.
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.