NEW YORK -- Moody's Investor Service here said yesterday it was lowering its rating on Roundy's Supermarkets, Milwaukee, Wis., from stable to negative while affirming the company's debt rating. The moves follow Roundy's agreement to acquire five Jewel-Osco stores in the Milwaukee metropolitan area from Minneapolis-based Supervalu -- a purchase Roundy‘s will finance with proceeds from the $57.4 million add-on to its existing Term Loan B, which will result in approximately $800 million to be ...

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.
 

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 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.

Already registered? here.