Moody’s Upgrades Whole Foods’ Rating Outlook to Positive

Moody’s Investors Service (MCO) on Monday raised Whole Foods Market’s (WFMI) rating outlook to positive from stable, and affirmed its Ba3 corporate family rating. The ratings agency said “The positive outlook reflects the likelihood of a ratings upgrade if Whole Foods’ operating performance remains near current levels, which would allow it to sustain improvements in credit metrics, free cash flow, and reduced operating risk” – MW