Industry | 2012.01.13
Fitch Rates Kroger's $400MM 5-Yr Notes 'BBB'; Outlook Stable
CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned a rating of \'BBB\' to The Kroger Co.\'s (Kroger) $450 million issue of 2.2% notes due 2017, the proceeds of which will be used to fund a contribution to a newly consolidated multi-employer pension fund. The Rating Outlook is Stable. A full list of ratings is shown below. The rating reflects Kroger\'s industry-leading sales growth and market share gains, strong cash flow, and relatively steady credit metrics. The rating also considers the company\'
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http://www.businesswire.com/news/home/20[...]s-Krogers-400MM-5-Yr-Notes-BBB
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