Moody's Lowers Safeway Debt Rating

NEW YORK — Moody's Investors Service here said Monday it was downgrading the senior unsecured rating for Safeway, Pleasanton, Calif., to Baa3 from Baa2, with a stable outlook.

The downgrade follows the company's issuance of $800 million in senior unsecured notes and the closing of a new $700 million delayed draw term loan in December.

Safeway said it expects the proceeds from the notes and the term loan t

Register to view the full article

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.