Moody's Downgrades Supervalu Ratings

Moody's Investors Service said it was downgrading Supervalu's ratings, saying it is unlikely the company's performance metrics will improve meaningfully in the near term due to weak industry conditions and unique company factors.

NEW YORK — Moody's Investors Service here said Wednesday it was downgrading Supervalu's ratings, saying it is unlikely the company's performance metrics will improve meaningfully in the near term due to weak industry conditions and unique company factors.

However, the outlook for Supervalu's ratings is stable, Moody's said, based on the company's strategy to leverage its scale to reduce costs

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