Moody’s ups Whole Foods notes to Baa1

Moody's Investors Service said it upgraded Whole Foods Market Inc.'s senior unsecured notes to Baa1 from Baa3 following the closing of its acquisition by Amazon.com, Inc., which is rated Baa1 with a positive outlook.

Additionally, the agency withdrew Whole Foods' Baa3 issuer rating and outlook.

These actions conclude the review of Whole Foods' ratings, which were put on review on June 16 following the announcement that it will be acquired by Amazon.com, Inc. for $13.7 billion in cash.

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