...August 2, 2019 - U.S.-based KeHE Distributors Holdings LLC's financial results are tracking ahead of our expectations due to solid execution and favorable sector trends. - We expect the company will expand faster than the food wholesaler industry, supported by strong natural, organic and fresh product demand and market share gains, and remain on a path toward deleveraging through earnings growth in the coming year. - We are raising our issuer credit rating on KeHE to 'B' from 'B-'. Concurrently, we are raising our issue-level ratings on the asset-backed loan (ABL) to '##-' from 'B+' and on the second-lien secured notes to 'B-' from '###+'. - The stable outlook reflects our expectation for positive operating momentum to continue and our belief that the company will pursue a more prudent approach to acquisitions in the next year. SAN FRANCISCO (S&P Global Ratings) Aug. 2, 2019--S&P Global Ratings today took the rating actions listed above. The upgrade reflects KeHE's improving operating performance...
