Moody’s Issues Warning After Nash Finch Debt Dispute

Moody’s Investors Service yesterday said it put the debt rating of Nash Finch, based here, under review for possible downgrade after the retailer/wholesaler got in a dispute with some investors about whether it violated certain covenants on its notes when it increased its dividend.

MINNEAPOLIS — Moody’s Investors Service yesterday said it put the debt rating of Nash Finch, based here, under review for possible downgrade after the retailer/wholesaler got in a dispute with some investors about whether it violated certain covenants on its notes when it increased its dividend. This week a court here issued a temporary restraining order preventing the note holders from accelerating repayment of the debt, Moody’s said.

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