Moody's Downgrades Whole Foods

Moody's Investor Service lowered the ratings of Whole Foods Market yesterday and said the chain's ratings remain on review for possible further downgrades.

NEW YORK — Moody's Investor Service here lowered the ratings of Whole Foods Market yesterday and said the chain's ratings remain on review for possible further downgrades. Yesterday's downgrade — from Ba3 to Ba2 — followed the company's announcement last week of lower earnings. On Friday, Standard & Poor's cut the chain's rating from BB to BB-, citing declining expectations on profitability and performance. Moody's said the review for further possible downgrade reflects its expectations t

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