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

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