Moody's Downgrades Supervalu Ratings

NEW YORK — Moody's Investors Service here said Thursday it has downgraded the corporate family rating and probability of default rating of Supervalu’s debt to B3 from B1.

It also said it has downgraded the ratings of Supervalu's senior unsecured debt and its subsidiaries to Caa1 from B2 and assigned a B1 rating to the company's new $850 million senior secured term loan, with a negative outlook.

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TAGS: News Supervalu
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