NEW YORK — Moody's Investors Service here said Monday it was downgrading the senior unsecured rating for Safeway, Pleasanton, Calif., to Baa3 from Baa2, with a stable outlook. The downgrade follows the company's issuance of $800 million in senior unsecured notes and the closing of a new $700 million delayed draw term loan in December. Safeway said it expects the proceeds from the notes and the term loan to be used for general corporate purposes, refinancing debt and ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Salary Survey 2015

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 complimentary access to the SN salary survey data tables.

Click here to read the FAQ page if you have any questions (opens in a new window)

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.

Already registered? here.