S&P cuts Roundy's

Standard & Poor's said it lowered its ratings on Roundy's Supermarkets Inc., including the corporate credit rating to B from B+. The outlook is stable.

The agency said the downgrade comes after weaker-than-expected operating trends in the second quarter as a result of increased price competition and effective marketing programs from competitors.

S&P said it expects these factors to lead to weaker performance and further credit metric deterioration.

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