INDUSTRY OUTLOOK STABLE: CREDIT AGENCY

NEW YORK -- Major supermarket operators can expect a stable business outlook intermediately, according to a report by Standard & Poor's, a credit ratings agency here.fundamentals and the industry's preponderance of noninvestment-grade ratings, Janis C. Richards, a Standard & Poor's analyst, said in the report.The companies' median rating is in the 'B' category, a noninvestment-grade status; only 24%

NEW YORK -- Major supermarket operators can expect a stable business outlook intermediately, according to a report by Standard & Poor's, a credit ratings agency here.

fundamentals and the industry's preponderance of noninvestment-grade ratings, Janis C. Richards, a Standard & Poor's analyst, said in the report.

The companies' median rating is in the 'B' category, a noninvestment-grade status; only 24% of the ratings are investment-grade.

Many ratings, such as f

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