J. Sainsbury plc http://www.alacrastore.com/company-snapshot/J_Sainsbury_plc-1014598 Sunday, September 07, 2008 2:13:08 PM 1014598 J. Sainsbury plc en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/fitch/430379_pr_framefitch/430379_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Carrefour S.A.Casino Guichard-Perrachon S.A.J. Sainsbury plcKoninklijke Ahold N.V.METRO AGTesco plc803599648035996980360208803602098036083480362463804171798/22/2008 10:22:00 AM0100000001030000010303000103030185Press Release01255812017AHMEOSBRYTSCO430379_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/395982_report_framefitch/395982_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.J. Sainsbury plc803599648/7/2008 10:21:00 AM010300000103030001030301165Credit UpdateSBRY395982_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/bir/477798bir/477798normJ Sainsbury PLCUnited KingdomRetail: Retail distribution of food, home improvement and garden products.5411523152614451104441204442209IMSBRY7/18/2008 6:13:25 AM477798Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/ccbn/B1874588ccbn/B1874588norm...On the continuing challenging consumer environment, has been able to continue to move the topline forward by: ... 6/18/2008 9:07:00 AMJ Sainsbury plc54.0000EditedJ Sainsbury plc First Quarter Trading Statement - Conference Call SummarySBRY.L8:45am UKTBriefB1874588Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/T1874588ccbn/T1874588norm...Ladies and gentlemen and welcome to your J Sainsbury analysts' call hosted by Justin King and Darren Shapland. For the conference you will be on listen-only. (OPERATOR INSTRUCTIONS). And now I would like to hand the conference over to Justin. Please go ahead. ... 6/18/2008 8:42:00 AMJ Sainsbury plc54.0000FinalJ Sainsbury plc First Quarter Trading Statement - Conference Call TranscriptSBRY.L8:45am UKTTranscriptT1874588Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/spcred/652567spcred/652567normThe latest Summary from S&Pglobalstructured6/6/2008 8:19:08 AM175Summary652567United KingdomFood RetailAsiaEmerging MarketsEurope, Middle East, AfricaLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesCommercial MBSRetailSummaryThe ratings on U.K.-based J Sainsbury PLC continue to reflect its No. 3 position in the highly competitive U.K. food retail market, with strong positions in the southeast and an extensive store network across the country, as well as good brand recognition. The ratings are constrained by the group's aggressive financial risk profile. For the fiscal year ended March 22, 2008, Sainsbury's retail sales rose by 5.7% year on year (excluding fuel), driven by good same-store sales growth of 3.9%, while new space contributed 1.4% growth. Healthy fourth-quarter same-store sales growth of 4.1% (excluding fuel) continued the two-year trend of uninterrupted improvement and reflected a sales-led recovery plan largely focused on a more competitive price proposition and better operational executionGBR78710330101030 301010 3010 30J Sainsbury PLC107100ASIAEMERGINGEUROMIDAFRLATAMERICAUSASBRY@LNSUMMARYGLOBISSSTRUCCORPABSCMBSRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/B1842561ccbn/B1842561norm...Competition Commission finalizing their report into UK grocery market, which was published just after year-end.... 5/14/2008 3:06:00 PMJ Sainsbury plc54.0000EditedPreliminary 2007/08 J Sainsbury plc Earnings Conference Call SummarySBRY.L9:45am UKTBriefB1842561Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/T1842561ccbn/T1842561norm... - Sainsbury plc - ChairmanMorning, ladies and gentlemen, and welcome to Sainsbury's '##/'## preliminary results, which I am pleased to say show another year of solid improvement in Sainsbury's performance. Our retail sales rose by #.#%, of which #.#% was like for likes. Our underlying profit before tax was up ##.#% and our earnings per share ##.#%, as the continued improvement in sales and cost reduction programs comes through to the profits. The Board will recommend a final divided of GBP#.## per share. That makes GBP#.## for the year in total. That dividend is covered #.## times, which sits squarely within our target range of #.# to #.## times. Now, one important feature of the year was the Competition Commission and the finalization of their report into the U.K. grocery market, which was published just after the year end. We share the Competition Commission's key findings that the market is very competitive, but we do not believe that the Competition Commission has made a clear case... 5/14/2008 12:07:00 PMJ Sainsbury plc54.0000FinalPreliminary 2007/08 J Sainsbury plc Earnings Conference Call TranscriptSBRY.L9:45am UKTTranscriptT1842561Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/fitch/414272_pr_framefitch/414272_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.BL Superstores Finance PLCJ. Sainsbury plcThe British Land Company plc8035994080359964827695613/26/2008 10:13:42 AM010300000103030001030301010318000302100085Press ReleaseBLNDSBRY414272_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/378364_report_framefitch/378364_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.J. Sainsbury plc803599643/18/2008 10:16:00 AM010300000103030001030301425Full Rating ReportSBRY378364_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/374586_report_framefitch/374586_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Carrefour S.A.Casino Guichard-Perrachon S.A.J. Sainsbury plcKoninklijke Ahold N.V.METRO AGTesco plc803599648035996980360208803602098036083480362463804171792/29/2008 10:20:00 AM010300000103030001030301275Special Report01255812017AHMEOSBRYTSCO374586_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/370824_report_framefitch/370824_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Carrefour S.A.Casino Guichard-Perrachon S.A.DSG International PLCJ. Sainsbury plcMarks & Spencer Group plcMETRO AGTesco plc80359947803599648035996980360208803602098036042280362463804171792/5/2008 10:16:00 AM01000000010300000103030001030301250Special Report01255812017DSGIMEOMKSSBRYTSCO370824_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/ccbn/B1738809ccbn/B1738809norm1/10/2008 9:07:00 AMJ Sainsbury plc54.0000EditedJ Sainsbury plc Third Quarter Trading Statement - Conference Call SummarySBRY.L8:45am UKT...Basics and Taste the difference, the top and the bottom end of Co.'s range, are performing strongly. ... BriefB1738809Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/T1738809ccbn/T1738809norm1/10/2008 9:07:00 AMJ Sainsbury plc54.0000FinalJ Sainsbury plc Third Quarter Trading Statement - Conference Call TranscriptSBRY.L8:45am UKT...And a very good day to you ladies and gentlemen and welcome to your J Sainsbury's quarter three trading statement analyst call today hosted by Justin King. My name's Chris and I'll be your conference coordinator this morning. Throughout the conference your lines will remain on listen only. (OPERATOR INSTRUCTIONS). Thank you. Now I'd like to hand the conference over to your host, Justin, to start. Please go ahead. ... TranscriptT1738809Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/moodys/COP_2401moodys/COP_2401htmlCredit Opinion1/3/2008 3:40:00 PMGlobal Credit Research Credit Opinion ## JAN #### Credit Opinion: J Sainsbury plc J Sainsbury plc London, United Kingdom Ratings Category Moody's Rating Outlook Stable Corporate Family Rating Baa# Commercial Paper NP Contacts Analyst...J Sainsbury plc2401150.0000NewshtmlJ Sainsbury plcCOP_2401Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/361686_report_framefitch/361686_report_framepdf010303012508036105601030101Accor S.A.12017METRO AG80360209MEOJ. Sainsbury plcCasino Guichard-Perrachon S.A.01255880359969Carrefour S.A.SBRY12040Special Report803613000103000001210180359964AH0100000001032100L'Oreal SA8036083412/13/2007 2:14:00 PM01203280359949CPGLVMH Moet Hennessy-Louis Vuitton SATSCOCompass Group plc80360208809552378036059401212201030300804171790103010001030200Tesco plc80362463Sodexho Alliance S.A.Koninklijke Ahold N.V.361686_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/361586_report_framefitch/361586_report_framepdf8035996412/13/2007 10:14:00 AMFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.010303010103030001030000J. Sainsbury plcCredit Update150SBRY361586_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/358722_report_framefitch/358722_report_framepdf803610561204080361300Carrefour S.A.80360209010303018036083401032100012558Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Special ReportCasino Guichard-Perrachon S.A.012101J. Sainsbury plc80359964Sodexho Alliance S.A.80362463METRO AG010302000103010080955237L'Oreal SASBRY8036059401000000012032AH12017Accor S.A.12/5/2007 10:12:00 AM012122MEO010303000103010125080360208Koninklijke Ahold N.V.Compass Group plcLVMH Moet Hennessy-Louis Vuitton SA01030000CPG8041717980359949358722_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/611846spcred/611846normThe latest Full Report from S&P11/7/2007 10:27:48 AMFull Report400globalstructured611846United KingdomFood RetailUnited StatesEurope, Middle East, AfricaLatin AmericaAsiaEmerging MarketsGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesCommercial MBSRetailFull ReportNo. 3 position in the U.K. food retail market, with a particularly strong position in the southeast region Good brand recognition Extensive store network Weak profitability relative to supermarket peers Presence in a highly competitive market The ratings on U.K.-based Sainsbury (J.) PLC remain on CreditWatch with negative implications, where they were placed on Sept. 20, 2007, to reflect the heightened possibility of a takeover of the retailer by Delta (Two) Ltd. The ratings continue to reflect Sainsbury's No. 3 position in the highly competitive U.K. food retail market, with strong positions in the southeast and an extensive store network across the U.K., as well as good brand recognition. The ratings are constrained by the group's weak free cash flowGBR78710330101030 301010 3010 30Sainsbury (J.) PLC107100USAEUROMIDAFRLATAMERICAASIAEMERGINGSBRY@LNFULLGLOBISSSTRUCCORPABSCMBSRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/611847spcred/611847normThe latest Summary from S&P11/7/2007 10:27:48 AMSummary175globalstructured611847United KingdomFood RetailAsiaEmerging MarketsEurope, Middle East, AfricaLatin AmericaUnited StatesGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesCommercial MBSRetailSummaryThe ratings on U.K.-based Sainsbury (J.) PLC remain on CreditWatch with negative implications, where they were placed on Sept. 20, 2007, to reflect the heightened possibility of a takeover of the retailer by Delta (Two) Ltd. The ratings continue to reflect Sainsbury's No. 3 position in the highly competitive U.K. food retail market, with strong positions in the southeast and an extensive store network across the U.K., as well as good brand recognition. The ratings are constrained by the group's weak free cash flow generation and aggressive financial risk profile. Sainsbury has now delivered 11 consecutive quarters of like-for-like sales growth (excluding petrol). This reflects a sales-led recovery plan that is largely focused on a lower and more competitive priceGBR78710330101030 301010 3010 30Sainsbury (J.) PLC107100ASIAEMERGINGEUROMIDAFRLATAMERICAUSASBRY@LNSUMMARYGLOBISSSTRUCCORPABSCMBSRetailCredit & Investment ResearchS&P Credit Research