Moody's: Stater Bros. extension a boon

Moody's Investors Service said that following Stater Bros. Holdings' announcement that it had renewed its revolving credit facility with an expiration of April 2013, the agency noted the extension restores access to an important source of external capital.

"It also bolsters Stater's liquidity, which we already believe to be good as a result of positive cash from operations after capital expenditures, high accumulated cash balances, and prudent financial policy," said Marie Menendez, senior vice president of Moody's.

The credit facility is unrated, and its renewal has no impact on Stater's corporate family rating of B2, or on its other debt ratings, the agency said.

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