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Here's why Kroger issued $1B in debt

Jan. 26th, 2016

Our client Carol Levenson quoted here: Analysts weren’t concerned about the amount of debt added to Kroger’s balance sheet. Carol Levenson, a credit analyst at New York-based Gimme Credit, wrote in a report that Kroger had $1.4 billion in commercial paper at the end of the third quarter, so this won’t be enough to pay down all of that. It could issue more bonds to pay off the additional commercial paper, she said.

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