Moody's: Shopko outlook stable

Moody's Investors Service said it affirmed the long-term debt ratings of Shopko Stores Inc. and changed the outlook to stable from negative.

Moody's said the change in outlook reflects the company's significant reduction in debt which significantly enhances the company's financial flexibility as it continues to develop and execute a multi-year plan to reposition its two franchises in the face of intense competition.

Affirmed were the company's senior implied rating of B1, senior unsecured rating of B2, and issuer rating of B2.

© 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.