NEW YORK — Citing improved credit metrics, lower debt and positive sales momentum, Standard & Poor’s here on Wednesday raised its corporate ratings for Safeway, the Pleasanton, Calif.-based retailer. S&P raised Safeway’s corporate credit and senior unsecured ratings from “BBB-” to “BBB,” and the short-term rating from “A-3” to “A-2” The outlook is stable. Read More of Today's Headlines
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 a complimentary copy of SN's salary survey sent to you by email.
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.