Moody's assigns first debt ratings to New Albertsons, Inc.

Moody’s Investor Service, New York, said Wednesday it has assigned first-time debt ratings to New Albertsons, Inc. — with a stable outlook — pending NAI’s proposed acquisition of Safeway’s Eastern division.

“Management has been successful in improving identical-store sales growth across all its grocery banners,” Moody’s said, “and the ratings reflect [the] expectation that profitability of the stores will improve as price investments lead to increased traffic and volume. Operating

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