Bulletin: C&S Wholesale Grocers Rating Unaffected By A&P Supermarket?s Bankruptcy Filing
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Published Dec 13, 2010
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NEW YORK (Standard&Poor's) Dec. 13, 2010--Standard&Poor's Ratings Services said today that its ratings on privately held C&S Wholesale Grocers and 75% owned subsidiary C&S Group Enterprises LLC (BB-/Stable/--) are currently not affected by Great Atlantic&Pacific Tea Co.'s (D/--/--) Chapter 11 bankruptcy filing on Dec. 12, 2010. C&S Wholesale continues to be A&P's leading wholesale grocery distributor, and we expect that the company will likely receive critical vendor status post-petition. A&P is C&S Wholesale's second-largest customer, and we believe that because C&S Wholesale was not one of the top 40 creditors, that any prepetition claim would not be significant. We plan to continue to monitor developments of A&P's reorganization and how it may possibly affect
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RESEARCH Ratings Definitions PDF Bulletin: C&S Wholesale Grocers Rating Unaffected By A&P SupermarketaÇÖs Bankruptcy Filing Publication date: 13-Dec-2010 Primary Credit Analyst: Jayne M Ross, New York (1) 212-438-7857; firstname.lastname@example.org...
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