Fitch Rates Safeway Notes

CHICAGO — Fitch Ratings here said Thursday it has assigned a rating of BBB-minus to Safeway's $250 million floating rate notes due in 2013, with a stable rating outlook.

Proceeds from the notes will be used to repay commercial paper borrowings, which totaled $701 million on June 5.

According to Fitch, the rating reflects Safeway's broad geographic presence and strong positions in

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