New York, September 26, 2016 -- Moody's Investors Service today assigned a Baa1 rating to The Kroger Co.'s ("Kroger") proposed new multi-tranche $1.75 billion senior unsecured notes. Proceeds of the new debt will be used to refinance Kroger's senior unsecured notes maturing October 2016 and January 2017 with the remaining proceeds used to reduce commercial paper outstanding. All other ratings remain unchanged and the ratings outlook remains stable.

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