Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for KeHE Distributors, LLC > News item |
Moody's affirms KeHE on acquisition
Moody's Investors Service said it affirmed KeHE Distributors, LLC’s B2 corporate family rating and B2-PD probability of default rating and the B3 (LGD5) rating assigned to its $200 million second-lien notes due 2021. The outlook remains stable.
"Although the debt-funded acquisition of Nature's Best will increase KeHE's leverage, its credit metrics will remain within the established thresholds for the company's B2 rating," Mickey Chadha, senior analyst at Moody's, said in an agency news release.
"The acquisition will further strengthen KeHE's good market position in a growing and attractive market niche for specialty, organic and natural foods.
“However, it is a relatively small player in the overall food distribution business segment and could be vulnerable if larger broadline food distributors enter its niche market."
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.