Moody's Lowers Ingles Outlook

NEW YORK — Moody's Investors Service here said Monday it was affirming the corporate credit ratings for Ingles Markets, Asheville, N.C., but changing the outlook from stable to negative based on concerns about a potential lack of margin expansion.

NEW YORK — Moody's Investors Service here said Monday it was affirming the corporate credit ratings for Ingles Markets, Asheville, N.C., but changing the outlook from stable to negative based on concerns about a potential lack of margin expansion.

In affirming Ingles' senior unsecured notes at B1 and its corporate family rating and probability of default at Ba3, Moody's said the chain "continues to have

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