Moody's rates Kroger notes Baa1

Moody's Investors Service said it assigned a Baa1 rating to the Kroger Co.'s new senior unsecured notes.

All of the other ratings are unchanged and the outlook remains stable.

The company's credit profile is supported by its strong execution ability, large scale, leading market position and diversified store format, Moody's said.

The first half of fiscal 2018 has seen positive momentum as the company's "Restock Kroger" strategic plan continues to roll out, the agency said.

The company's focus on customer satisfaction and loyalty, its ability to offer a one-stop shopping experience and a wide array of private label and prepared food offerings gives it a distinct competitive advantage over its peers, Moody's said.

While the continued pricing pressure and investments in digital assets have weakened Kroger's credit metrics, the agency said it expects metrics to gradually improve in the next 12- to 18-months.

© 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.