DBRS Rates Sobeys New Debt Shelf at BBB, Trend Stable

DBRS has today assigned a rating of BBB, with a Stable trend, to Sobeys Inc.’s (Sobeys) new Preliminary Short Form Base Shelf Prospectus dated May 25, 2010, for the issuance of up to $500 million of medium-term notes. Debt securities issued under this prospectus will rank pari passu with all other unsecured and unsubordinated indebtedness of Sobeys.

Notes:
All figures are in Canadian 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.