Moody's Lowers Roundy's Rating Outlook

NEW YORK -- Moody's Investor Service here said yesterday it was lowering its rating on Roundy's Supermarkets, Milwaukee, Wis., from stable to negative while affirming the company's debt rating.

NEW YORK -- Moody's Investor Service here said yesterday it was lowering its rating on Roundy's Supermarkets, Milwaukee, Wis., from stable to negative while affirming the company's debt rating. The moves follow Roundy's agreement to acquire five Jewel-Osco stores in the Milwaukee metropolitan area from Minneapolis-based Supervalu -- a purchase Roundy‘s will finance with proceeds from the $57.4 million add-on to its existing Term Loan B, which will result in approximately $800

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