Moody's assigns Roundy's notes B3

Moody's Investors Service said it assigned a B3 rating to Roundy's Supermarkets, Inc.'s proposed $200 million second-lien notes.

The agency affirmed the B2 corporate family rating and existing instrument ratings and revised the probability of default rating to B2-PD from B3-PD.

The outlook remains negative.

The proposed $200 million in second-lien notes will be utilized to repay roughly $150 million of the term loan, with remaining proceeds to be used to acquire 11 Dominick's locations in the Metro Chicago market from Safeway.

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