AHOLD TO BUY DEBT; S&P UPGRADES
AMSTERDAM — Ahold here last week said it would offer to repurchase $690 million in notes due July 2010. The buyback, to be funded out of existing cash balances, offers $1,053.75 per $1,000 principal amount and expires July 1. In a separate development, Standard & Poor's last week upgraded Ahold's corporate credit rating, noting progress it made in sales and debt control. The ratings agency boosted its corporate grade to “BBB” and also lifted its grade ...
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