Delhaize Gets Investment-Grade Ratings

Rating agencies Moody’s Investors Service and Standard & Poor’s on Monday assigned investment-grade ratings to Delhaize Group here, signaling confidence in the financial and operational improvements at the parent of the Hannaford, Food Lion and Sweetbay banners in the U.S.

BRUSSELS — Rating agencies Moody’s Investors Service and Standard & Poor’s on Monday assigned investment-grade ratings to Delhaize Group here, signaling confidence in the financial and operational improvements at the parent of the Hannaford, Food Lion and Sweetbay banners in the U.S. Moody’s, New York, in a release said the rating upgrade, to Baa3, was underpinned by low business risk, good geographical diversity, scale and competitive positioning, among other attributes. Standard & P

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