NEW YORK — Moody’s Investors Service on Wednesday said it affirmed its B2 rating on Bi-Lo and assigned a B3 rating to $140 million in new debt to be used to pay its owner Lone Star Funds. Moody’s said the ratings acknowledge an “aggressive” debt posture but also reflect that Bi-Lo has continued to execute effectively, including improved performance at Winn-Dixie Stores, which it acquired earlier this year. “The integration of Winn-Dixie is proceeding ...
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