Major US supermarkets downgraded
From MSN money:
Standard Poor's on Wednesday lowered its corporate credit ratings on Kroger, Albertson's, and Safeway, the three largest traditional US supermarkets, citing competitive pressures from Wal-Mart and other discount retailers.The agency said it was lowering its credit rating on their debt from BBB to BBB-, its lowest investment grade.
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Posted by Brendan - June 29, 2005 03:37 PM - In The News