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Published on 5/21/2013 in the Prospect News Investment Grade Daily.

S&P: Whole Foods view positive

Standard & Poor's said it revised its rating outlook on Whole Foods Market Inc. to positive from stable and affirmed the BBB- corporate credit rating.

The outlook revision comes as the company continues to perform well, driven by strong sales growth from new stores and solid same-store sales increases.

Furthermore, the company enhanced operating margins mainly as a result of operating efficiencies from the higher sales volumes. S&P said it expects the strong trends to continue at least over the near term.


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