NEW YORK — Moody's Investors Service here said it was assigning its first ratings to Sprouts Farmers Market, Phoenix — a B2 rating, with a stable outlook — as the chain acquires Henry's Farmers Market, Los Angeles. Moody's said the B2 corporate family rating reflects Sprouts' "high leverage, relatively small scale, aggressive growth strategy, increased amount of funded debt and financial policy risk." The rating also reflects Sprouts' "attractive market niche and good operating ...
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 complimentary access to the SN salary survey data tables.
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.