Monday, December 22, 2008

Roundy's Supermarkets Inc. 'B' Corporate Credit Rating Affirmed With Negative Outlook

NEW YORK, NY--Standard & Poor's Ratings Services said today it removed its ratings, including the 'B' corporate credit rating, on Milwaukee-based Roundy's Supermarkets Inc. (Roundy's headquarters building, top right photo) from CreditWatch with negative implications, where they were placed on Sept. 25, 2008. The outlook is negative.

"This action reflects our current belief that Roundy's should remain covenant complaint in the near term," said Standard & Poor's credit analyst Charles Pinson-Rose, "given our performance expectations and its ability to pay down debt with its current cash position and future cash flows."
Media Contact:
David Wargin, New York (1) 212.438.1579, david_wargin@standardandpoors.com

Analyst Contact:
Charles Pinson-Rose, New York (1) 212.438.4944

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