S&P: Roundy's off watch

Standard & Poor's said it removed its ratings, including the B corporate credit rating, on Roundy's Supermarkets Inc. from Creditwatch with negative implications, where they were placed on Sept. 25.

The outlook is negative.

"This action reflects its current belief that Roundy's should remain covenant complaint in the near term," said S&P credit analyst Charles Pinson-Rose, "given its performance expectations and its ability to pay down debt with its current cash position and future cash flows."

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