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.
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