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. In a research note published this 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 Safeway are better ...
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