CREDIT ANALYST WEAKENS OUTLOOK

NEW YORK -- Standard & Poor's, the debt-rating agency here, said last week it is shifting to a somewhat more negative view of the supermarket industry in light of the weak economy and the continuing encroachment into food retailing by nontraditional channels."We expect industry conditions to remain difficult as Wal-Mart and other retailers grow their share of the grocery dollar," said Mary Lou Burde,

NEW YORK -- Standard & Poor's, the debt-rating agency here, said last week it is shifting to a somewhat more negative view of the supermarket industry in light of the weak economy and the continuing encroachment into food retailing by nontraditional channels.

"We expect industry conditions to remain difficult as Wal-Mart and other retailers grow their share of the grocery dollar," said Mary Lou Burde, credit analyst, S&P, in a conference call monitored by SN. "The economy shou

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