USA: Fitch affirmed Nash Finch's ratings
Fitch has affirmed Nash Finch's (NAFC) bank credit facility rating of `BB' and its senior subordinated note rating of `B+'. The company's Rating Outlook has been changed to Stable from Negative. NAFC developed a strategy in 1998 to revitalize its existing business, streamline operations and improve operating efficiencies at its distribution centers. The company has undertaken various cost cutting measures and has improved operating performance. It is now poised to develop and expand new store prototypes, update its existing store base and acquire smaller store chains. The ratings factor in an intensifying competitive operating environment -- particularly reflecting supercenter expansion.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- Comment: Meal kits in US - don't believe the hype
- US food next wave on display at Winter Fancy Food
- Column: Kraft Heinz, Unilever and sustainability
- Unilever 'lining up spreads sale'
- UK own-label firm Park Cakes sold in MBO
- Immigration crackdown "risk" for US dairy industry
- BRF plant suspended amid bribery allegations
- Fonterra cuts earnings forecast