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AHOLD TO BUY DEBT; S&P UPGRADES AMSTERDAM Ahold here last week said it would offer to repurchase $690 million in notes due July 2010. The buyback, to be funded out of existing cash balances, offers $1,053.75 per $1,000 principal amount and expires July 1. In a separate development, Standard & Poor's last week upgraded Ahold's corporate credit rating, noting progress it made in sales and debt control.

AHOLD TO BUY DEBT; S&P UPGRADES

AMSTERDAM — Ahold here last week said it would offer to repurchase $690 million in notes due July 2010. The buyback, to be funded out of existing cash balances, offers $1,053.75 per $1,000 principal amount and expires July 1. In a separate development, Standard & Poor's last week upgraded Ahold's corporate credit rating, noting progress it made in sales and debt control. The ratings agency boosted its corporate grade to “BBB” and also lifte

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