Moody's moves US Foods view to positive

Moody's Investors Service said it changed the outlook for US Foods, Inc. to positive from stable.

“The change in outlook to positive reflects Moody's view that USF is poised for a significant improvement in credit metrics over the next 12-18 months. Moody's expects a continued recovery in the restaurant sector and a gradual return of food service volumes in the hospitality and education sector, which will drive material earnings growth for USF,” the agency said in a press release.

Concurrently, Moody's affirmed all the company's ratings, including the B2 corporate family rating, B2-PD probability of default rating, B3 senior secured bank facility and notes ratings and Caa1 senior unsecured notes rating. The speculative grade liquidity rating remains SGL-1.

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