DBRS Rates Safeway’s $500 Million Senior Unsecured Notes Issuance at BBB with a Positive Trend

DBRS has today assigned a rating of BBB with a Positive trend to Safeway Inc.’s issue of $500 million 6.25% senior unsecured notes due March 15, 2014. The notes will rank pari passu with all of Safeway Inc.’s other senior unsecured obligations. The proceeds will be used to refinance outstanding short-term borrowings.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating Food Retailers, which can be found on our website under Methodologies.

This is a Corporate rating.