Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Roundy's Supermarkets, Inc. > News item |
S&P: Roundy's outlook stable
Standard & Poor's said it revised the outlook on Roundy's Supermarkets Inc. to stable from negative and affirmed its B corporate credit rating.
The outlook revision reflects the attainment of a more adequate cushion under its bank facility covenants following a reduction in debt levels and improved operating performance, according to the agency.
Ratings reflect the company's highly leveraged capital structure, its participation in the highly competitive supermarket industry and its geographic concentration in Wisconsin and Minnesota, the agency said.
"In 2008, Roundy's experienced marginal same-store sales growth and, while sales increased modestly for the full year, quarterly performance during the year was inconsistent," S&P analyst Stella Kapur said in a statement.
© 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.