...August 1, 2019 NEW YORK (S&P Global Ratings) Aug. 1, 2019--S&P Global Ratings today assigned its '##' issue-level rating and '1' recovery rating to Albertsons Cos. Inc.'s (ACI) proposed $1.7 billion senior secured term loan due 2026. At the same time, we assigned our '##-' issue-level rating and '2' recovery rating to the company's proposed $500 million senior unsecured guaranteed notes due 2028. In addition, we raised our issue-level rating on New Albertsons L.P.'s (NALP) notes to 'B+' from 'B-' and revised the recovery rating to '3' from '6'. Our '##-' issue-level rating and '2' recovery rating on Safeway Inc.'s notes remain unchanged, though we revised our rounded recovery estimate on the notes to 85% from 70%. All of our other ratings on Albertsons remain unchanged, including the 'B+' issuer credit rating and stable outlook. We anticipate that the grocer's operating performance will continue to improve in fiscal year 2019 on a low-single digit percent increase in identical-store (ID)...
