 Moodys Investors Service, Moodys today upgraded Ingles Markets, Incorporateds Ingles Corporate Family Rating and Probability of Default Rating to Ba1 and Ba1-PD respectively. In addition, Moodys upgraded the rating of the companys senior unsecured notes to Ba2 from Ba3. The upgrade reflects Ingles strong credit metrics and its ability to compete successfully with alternative food retailers and traditional grocers in its markets, Moodys Vice President Mickey Chadha stated. 