Moody's Downgrades Smart & Final Ratings

Moody's Investors Service said yesterday it is downgrading its ratings for Smart & Final Holdings Corp., a Los Angeles-based warehouse-store operator, and leaving the ratings under review for possible further downgrade.

NEW YORK — Moody's Investors Service here said yesterday it is downgrading its ratings for Smart & Final Holdings Corp., a Los Angeles-based warehouse-store operator, and leaving the ratings under review for possible further downgrade. According to Moody's, its action was prompted by higher-than-expected leverage, lower margins and weak interest coverage due to the delay in executing its business plan resulting from its delayed acquisition in late 2007 of the Henry's and Sun Harves

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