S&P Maintains Rating on Bi-Lo as Sale Is Called Off

GREENVILLE, S.C. — Now that a sale of Bi-Lo is no longer imminent, Standard & Poor’s said it would take the retailer here off its CreditWatch list. S&P, New York, also affirmed its “B” rating on Bi-Lo. Lone Star Holdings, the investor that owns Bi-Lo, had indicated the chain was for sale earlier this year but more recently pulled Bi-Lo off the market as the deal-making climate became more difficult.

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