Financial sponsors Clayton, Dubilier&Rice and KKR have sold their remaining ownership interest in US Foods Inc. (USF) and vacated their remaining board seats, which we view as a credit positive for USF. We believe USF will remain committed to its 3x leverage target, and approach it over the next year through a combination of profit growth and debt reduction. We are raising all of our ratings on the U.S.-based foodservice distributor, including our corporate credit rating to 'BB+' from 'BB-'. The stable outlook reflects our expectation that USF will initiate shareholder payments once it approaches its financial targets, resulting in adjusted leverage stabilizing in the mid- to high-3x area. On Dec. 14, 2017, S&P Global Ratings raised its
