Moody's affirms Kroger

Moody's Investors Service said it affirmed the Kroger Co.'s Baa2 senior unsecured rating and its prime-2 commercial paper rating.

The outlook remains stable.

Kroger has continued to outperform its peers in a challenging and highly competitive business environment as it focuses on customer satisfaction and loyalty through pricing, service and merchandising initiatives, Moody's said.

Despite the formidable challenge posed to traditional supermarkets by alternative food retailers, Kroger will remain an effective and relevant competitor given its size, store format diversification, the agency said, and wide array of private and national brands.

The ratings reflect the company's large scale and good geographic and store format diversity, good liquidity, solid credit metrics and consistently positive comparable store sales, Moody's said.

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