Moody's: Kroger Credit Holding Stable

Kroger will maintain its credit ratings despite a recent disclosure that profitability and credit metrics will remain weak for the first half of 2010, Moody's Investors Service said.

NEW YORK — Kroger will maintain its credit ratings despite a recent disclosure that profitability and credit metrics will remain weak for the first half of 2010, Moody's Investors Service here said.

Kroger, Cincinnati, earlier this month revealed a big quarterly loss and adjusted its guidance downward for fiscal year.

Moody's last rating action on Kroger was in 2004 when the company's senior unsecured rating was affirmed and P-2 short term rating assigned.

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