|Expense Ratio (net)||N/A|
|Last Cap Gain||N/A|
|Morningstar Risk Rating||N/A|
|Beta (3Y Monthly)||N/A|
|5y Average Return||N/A|
|Average for Category||N/A|
Concurrently, Moody's also downgraded the rating of the company's senior secured term loan to B3 from B2. "UNFI's operating performance has been below expectations since its acquisition of SUPERVALU Inc. with metrics and profitability expected to be lower than our previous forecasts for the next 12-18 months", Moody's Vice President Mickey Chadha stated.
Moody's Investors Service ("Moody's") today assigned a B3 rating to KeHE Distributors, LLC's ("KeHE") proposed senior secured notes. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of United Natural Foods, Inc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed over the past few years. However, hedge funds are generally partially hedged and […]