DBRS Assigns BBB and Pfd-3 Ratings to New Loblaw Short Form Base Shelf Prospectus

DBRS has today assigned a rating of BBB with a Stable trend to Loblaw Companies Limited’s (Loblaw or the Company) new $1 billion Short Form Base Shelf Prospectus, dated November 25, 2010.

This prospectus will enable Loblaw to offer and issue up to $1.0 billion of debentures and second preferred shares during the 25-month period the base shelf prospectus remains valid. Additionally, DBRS has assigned a new rating of Pfd-3 to the Company’s preferred share portion of this prospectus.

Note:
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.