...August 21, 2020 - U.S.-based natural food distributor KeHE Distributors Holdings LLC's (KeHE) operating performance has exceeded our expectations for fiscal-year 2020 with higher sales driving higher earnings. - We are affirming all ratings, including the 'B' issuer credit rating on KeHE and revising our outlook on the company to positive from stable. - The positive outlook reflects the possibility that we could raise our ratings on KeHE over the next 12 months if operating performance continues to improve and more moderate acquisition activity keeps leverage below 5x on a sustained basis. NEW YORK (S&P Global Ratings) Aug. 21, 2020--S&P Global Ratings today took the rating actions listed above. The positive outlook reflects KeHE's improving credit metrics as a result of better-than-expected operating performance and continued changing consumer tastes for natural and fresh products. The natural and organic (N&O) and specialty foods segments, which are a small subsector of the overall nearly...
