S&P downgrades Fairway, calls capital structure unsustainable
November 03, 2015 at 16:01 PM EST
NEW YORK, Nov 3 (Reuters) - Fairway Group Holdings Corp was downgraded to a low junk grade by Standard & Poor's, which said the operator of Fairway supermarkets may need to restructure its debt or raise capital as increased competition contributes to its "persistent underperformance."