Moody’s Mulls Ingles Downgrade

NEW YORK — Moody's Investors Service here on Monday placed Ingles Markets’ ratings under review for possible downgrade, citing concern over financing for a warehouse expansion as well as margin pressure.

NEW YORK — Moody's Investors Service here on Monday placed Ingles Markets’ ratings under review for possible downgrade, citing concern over financing for a warehouse expansion as well as margin pressure.

Ingles, based in Asheville, N.C., said it would issue $99.7 million in Recovery Zone Facility bonds before the end of the year to finance the expansion of its distribution center as well as for eligible c

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