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Published on 3/24/2011 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

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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