PARIS (Standard&Poor's CreditWire) Oct. 24, 2000--Standard&Poor's today raised its long-term corporate credit rating on U.S. Foodservice to triple-'B'-minus from double-'B'-plus. At the same time, the rating was removed from CreditWatch, where it had been placed with positive implications on March 8, 2000, following the announcement of the company's acquisition by Dutch food retailer Ahold Koninklijke N.V. (Ahold; BBB+/Stable/A-2). The outlook is stable. The rating actions reflect the growing importance of the foodservice distribution business within the Ahold group. Simultaneously, at the company's request, Standard&Poor's today withdrew the ratings on U.S. Foodservice. The company has no outstanding public debt, Standard&Poor's said. -- CreditWire
