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S&P: Roundy's unchanged
Standard & Poor's said a report stating that Willis Stein & Partners, owner of Roundy's Supermarkets Inc., hired an investment bank to brokerage a sale of the company has no immediate impact on Roundy's ratings or outlook.
The agency said it take a rating action if the company or its owners announced a definitive agreement to sell the company or if a sale was imminent, the agency said.
If there was news that the company would be sold to a strategic buyer, this could strengthen the company's credit profile and lead to a higher rating, S&P said.
Conversely, a sale to a financial buyer could increase the company's financial risk, leading to a downgrade, the agency said.
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