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S&P elevates Rite Aid
S&P said it raised its issuer credit rating on Rite Aid Corp. to CCC+ from SD (selective default).
The D issue-level ratings on the company's unsecured notes due 2027 and 2028 that are subject to additional repurchases will remain unchanged until these offers are completed.
The outlook is stable.
“Rite Aid's capital structure is unsustainable in our view,” S&P said in a news release.
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