NEW YORK — Standard & Poor's here said it is considering placing a “positive” outlook on its corporate credit ratings of retailers Kroger and Safeway, but the agency first wants to see how the retailers fare in respective contract negotiations in Southern California. (See Page 8.) In a research note published last week, S&P credit analyst Stella Kapur noted that while competitive pressures served to deteriorate operating margins over the last five years, “we believe Kroger and ...

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