Fitch affirms Supervalu

Fitch Ratings said it affirmed Supervalu Inc.'s issuer default rating and senior unsecured notes at BB-, and $2 billion revolving bank credit facility, $1.25 billion term loan A and $750 million term loan B at BB.

The outlook is positive.

Ratings reflect the company's diverse geographic presence and operating formats, a well-defined operating strategy and its commitment to debt reduction, the agency noted.

Ratings also consider the operating pressures from a weak economy, higher costs and pricing initiatives, and the highly competitive operating environment, Fitch said.

For the 12 months ended June 14, total adjusted debt-to-EBITDAR ratio was 3.9 times.

© 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.