Moody’s Boosts Whole Foods Outlook

NEW YORK — Moody’s Investors Service here changed the rating outlook for Whole Foods Market, Austin, Texas, to positive from stable and affirmed the chain’s Ba3 corporate family rating and other debt ratings.

“The positive outlook reflects the likelihood of a ratings upgrade if Whole Foods’ operating performance remains near current levels, which would allow it to sustain improvements in credit metrics, free cash flow and reduced operating risk,” Marie Menendez, senior vice president of Moody’s, said Monday.

The last rating action for Whole Foods was the change to stable from negative last November.

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