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Prospect News home > News index > List of issuers M > Headlines for Marsh Supermarkets Inc. > News item
Published on 11/11/2004 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P: Marsh Supermarkets on watch

Standard & Poor's said it placed its ratings on Marsh Supermarkets Inc., including the B+ corporate credit, secured bank loan and subordinated debt ratings, on CreditWatch negative.

The CreditWatch placement reflects S&P's concern regarding the company's lack of progress in improving its profitability levels and credit measures.

At June 19, total lease-adjusted debt to EBITDA was 6.1x and last-12-month lease-adjusted EBITDA interest coverage was 1.8x.


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