NEW YORK — Fitch Ratings here on Wednesday said it affirmed its ratings on Safeway, saying the retailer's strong market shares and cost reduction efforts are helping to withstand competitive pressures and a challenging economic environment. Fitch rates Safeway's default rating as "BBB" with a stable outlook. The Pleasanton, Calif.-based retailer has about $5.3 billion in outstanding debt. "The ratings reflect Safeway's broad geographic presence and strong positions in its key markets, cost ...
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.