S&P lifts Vitamin Shoppe notes

Standard & Poor's said it revised Vitamin Shoppe Industries Inc.'s outlook to positive and upgraded the company's secured debt rating on its second-priority secured notes due 2012 to BB from BB-. S&P also affirmed the B+ corporate credit rating.

The upgrades reflect Vitamin Shoppe's good operating performance, its significant reduction in outstanding notes and S&P's expectation for continued profitability improvement including moderately higher sales, widening in operating margins and improving credit metrics, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.