Strong market position in food distribution (Loblaw Companies Ltd.) Solid presence in food processing (Weston Foods) Substantial financial flexibility Significant brand equity High-quality store portfolio World-class, controlled-label program under President's Choice brand Credit ratios weak for ratings Weakness in performance at Loblaw Somewhat limited growth potential in Canadian food distribution Highly competitive operating environment for both food distribution and processing The ratings on Toronto-based George Weston Ltd. reflect the company's strong market position in food distribution through its equity interest in publicly traded Loblaw Companies Ltd. (BBB/Negative/--), its solid market presence in food processing through Weston Foods' baking and dairy operations, and the financial flexibility afforded by its liquid Loblaw holdings. These factors are partially offset by George Weston's credit
