DBRS Rates Safeway’s $250 Million Floating-Rate Notes at BBB, Stable Trend

DBRS has today assigned a rating of BBB with a Stable trend to Safeway Inc.’s (the Company) issue of $250 million Floating-Rate Notes due December 12, 2013 (the Notes).

The Notes will be unsecured senior obligations of Safeway Inc. and will rank pari passu with all other unsecured senior indebtedness of the Company.

The proceeds are expected to be used to reduce indebtedness outstanding under Safeway Inc.’s U.S. commercial paper program and for other general corporate purposes.

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

The applicable methodology is Rating Companies in the Merchandising Industry, which can be found on our website under Methodologies.