Moody's boosts A&P outlook

Moody’s Investors Service on Monday said it upgraded its outlook for the debt of A&P, citing some gains the chain has made, as well as cash generated through asset sales.

"Although we still think that A&P's capital structure is unsustainable, it's operating performance and liquidity have demonstrated some improvement as management initiatives have had a positive impact on profitability, cash flow and traffic", said Moody's s

Register to view the full article

TAGS: News
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.