Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Wegmans Food Markets Inc. > News item |
S&P downgrades Wegmans
Standard & Poor's said it lowered the corporate credit rating for Wegmans Food Markets Inc. to BBB+ from A-.
The outlook is stable.
"This action reflects our reassessment of Wegmans' business profile, credit metrics which are more reflective of BBB+ ratings following the company's increased debt levels due to higher capital spending and lower operating margins," S&P analyst Stella Kapur said in a statement.
© 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.