Moody’s changes Albertsons view

Moody's Investors Service said it changed the outlook for Albertsons Cos., Inc. to stable from negative.

All other ratings including the B1 corporate family rating were affirmed.

“Albertsons has demonstrated improvement in operating performance increasing top line and profitability in a highly competitive and promotional pricing environment in the food retailing industry,” Moody's vice president Mickey Chadha said in a news release.

“The company has also reduced a significant amount of debt thereby improving credit metrics.”

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