NEW YORK — Fitch Ratings here said Wednesday it has affirmed Safeway's BBB rating as stable, based on the chain's broad geographic presence, strong positions in key markets, cost reduction efforts and solid cash-flow generation. Fitch said its ratings also considered the challenging competitive environement, which has led to margin compression and a gradual weakening of the chain's credit metrics over the past three years. "An increase in Safeway's financial leverage and its ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.