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Moody's Ratings assigns B3 rating to UNFI's proposed term loam

Moody's Ratings today assigned a B3 rating to United Natural Foods, Inc's (UNFI) proposed $500 million 7-year term loan.  Net proceeds from the proposed term loan, a proposed $130 million First In First Out facility (FIFO; not rated) due June 2027 and $15 million draw on the company's existing asset...

United Natural Foods, Inc: Update following downgrade to B3

Our credit view of this issuer reflects its high financial leverage and weak credit metrics.

Moody's downgrades UNFI CFR to B3

Moody's Ratings (Moody's)  downgraded the corporate family rating ("CFR") of United Natural Foods, Inc ("UNFI") to B3 from B2 and its probability of default rating ("PDR") to B3-PD from B2-PD. Concurrently, Moody's downgraded the rating of the company's senior unsecured global notes to Caa2 from Caa...

United Natural Foods, Inc: Update following downgrade to B2

Our credit view of United Natural Foods reflects its weak credit metrics and cash flow, offset by its leading market position as the largest distributor in specialty food.

Moody's downgrades UNFI CFR to B2

Moody's Investors Service (Moody's) today downgraded the corporate family rating ("CFR") of United Natural Foods, Inc ("UNFI") to B2 from Ba3 and its probability of default rating ("PDR") to B2-PD from Ba3-PD. Concurrently, Moody's downgraded the rating of the company's senior secured term loan to B...

United Natural Foods, Inc: Update following outlook change to negative

UNFI benefits from its formidable size in the supermarket distribution industry and good liquidity, constrained by its moderately high financial leverage and weak interest coverage.

Moody's changes UNFI's outlook to negative; affirms Ba3 CFR; downgrade...

Moody's Investors Service (Moody's)  today changed United Natural Foods, Inc's ("UNFI") outlook to negative from stable and downgraded its speculative grade liquidity rating (SGL) to SGL-2 from SGL-1. In addition, Moody's affirmed UNFI's ratings, including its Ba3 corporate family rating (CFR), Ba3-...

United Natural Foods, Inc: Update to credit analysis

UNFI's credit profile reflects its significant scale and diversified revenue base, partially offset by its high sales concentration to one customer and moderately high financial leverage.

Moody's announces completion of a periodic review of ratings of United...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of United Natural Foods, Inc. Global Credit Research- 17 Feb 2022. New York, February 17, 2022-- Moody's Investors Service has completed a periodic review of the ratings of United Natural Foods, Inc and other ratings that are associated with the same analytical unit.

United Natural Foods, Inc: Update following upgrade to Ba3

Our credit view of United Natural Food's reflects its diversified revenue base, improved profitability and good liquidity offset by its low margins and moderate customer concentration.

Moody's upgrades UNFI's CFR to Ba3

Rating Action: Moody's upgrades UNFI's CFR to Ba3. Global Credit Research- 20 Oct 2021. New York, October 20, 2021-- Moody's Investors Service today upgraded the corporate family rating and probability of default rating of United Natural Foods, Inc to Ba3 and Ba3-PD from B1 and B1-PD, respectively.

Moody's announces completion of a periodic review of ratings of United...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of United Natural Foods, Inc. Global Credit Research- 29 Mar 2021. New York, March 29, 2021-- Moody's Investors Service has completed a periodic review of the ratings of United Natural Foods, Inc and other ratings that are associated with the same analytical unit.

United Natural Foods, Inc: Covenant Quality Post-Sale Snapshot: $500m ...

United Natural Foods, Inc.'s covenant package provides weakest-level protection, reflecting a CQ score of 4.24.

United Natural Foods, Inc: Update following upgrade to B1

Our credit view of United Natural Foods, reflecting its improving operating performance and leadership position in the fast growing natural and organic specialty food business.

Moody's upgrades UNFI to B1; new notes rated B3

Rating Action: Moody's upgrades UNFI to B1; new notes rated B3. Global Credit Research- 14 Oct 2020. New York, October 14, 2020-- Moody's Investors Service, upgraded the Corporate Family Rating and Probability of Default Rating of United Natural Foods, Inc to B1 and B1-PD from B2 and B2-PD, respectively.

Moody's announces completion of a periodic review of ratings of United...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of United Natural Foods, Inc. Global Credit Research- 29 Apr 2020. New York, April 29, 2020-- Moody's Investors Service has completed a periodic review of the ratings of United Natural Foods, Inc and other ratings that are associated with the same analytical unit.

United Natural Foods, Inc: Update following downgrade to B2

UNFI is a market leader in high growth specialty food distribution but operating performance has suffered post the SUPERVALU acquisition.

Moody's downgrades UNFI to B2

Rating Action: Moody's downgrades UNFI to B2. Global Credit Research- 29 Oct 2019. New York, October 29, 2019-- Moody's Investors Service today downgraded the Corporate Family Rating and Probability of Default Rating of United Natural Foods, Inc to B2 and B2-PD from B1 and B1-PD, respectively.

Moody's announces completion of a periodic review of ratings of United...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of United Natural Foods, Inc. Global Credit Research- 14 Jun 2019. New York, June 14, 2019-- Moody's Investors Service has completed a periodic review of the ratings of United Natural Foods, Inc and other ratings that are associated with the same analytical unit.

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