NEW YORK -- Moody‘s Investors Service here on Tuesday said it has placed its long-term ratings of A&P and Pathmark under review following the retailers‘ announcement of a merger agreement. In a press release, Moody‘s said ratings for A&P were under review for a possible downgrade, noting that the $1.3 billion Pathmark deal “could result in a more highly leveraged entity with modest profitability that operates in highly competitive trade areas.” Moody‘s said its review would focus on ...
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