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KBRA Rated CMBS Exposure Impacted by A P Store Closings

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NEW YORK--(BUSINESS WIRE)--On Sunday July 19, 2015, the Great Atlantic & Pacific Tea Company (“A&P”) filed for chapter 11 protection, just three years after emerging from a previous bankruptcy filing. The company operates 296 grocery stores under several brands, including: A&P, Food Emporium, Pathmark, Super Fresh, and Waldbaum’s. As a result of the bankruptcy filing, A&P announced plans to sell 271 stores and close the remaining 25. Following the announcements, KBRA evaluated i

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