George Weston Ltd. CCR Affirmed At 'BBB' Business And Financial Risk Profiles Revised; Outlook Stable - S&P Global Ratings’ Credit Research

George Weston Ltd. CCR Affirmed At 'BBB' Business And Financial Risk Profiles Revised; Outlook Stable

George Weston Ltd. CCR Affirmed At 'BBB' Business And Financial Risk Profiles Revised; Outlook Stable - S&P Global Ratings’ Credit Research
George Weston Ltd. CCR Affirmed At 'BBB' Business And Financial Risk Profiles Revised; Outlook Stable
Published May 04, 2016
4 pages (1733 words) — Published May 04, 2016
Price US$ 150.00  |  Buy this Report Now

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Abstract:

We are affirming our ratings on George Weston Ltd., including our 'BBB' long-term corporate credit rating on the company. At the same time, we are revising our business risk profile to strong from satisfactory and our financial risk profile to significant from intermediate. The stable outlook reflects our view that adjusted debt-to-EBITDA will be in the low 3x area over the next couple of years. TORONTO (S&P Global Ratings) May 4, 2016--S&P Global Ratings today said it affirmed its ratings on George Weston Ltd., including its 'BBB' long-term corporate credit and senior unsecured debt ratings on the company. At the same time, we revised our business risk profile to strong from satisfactory and our financial risk profile to significant from

  
Brief Excerpt:

...+ We are affirming our ratings on George Weston Ltd., including our '###' long-term corporate credit rating on the company. + At the same time, we are revising our business risk profile to strong from satisfactory and our financial risk profile to significant from intermediate. + The stable outlook reflects our view that adjusted debt-to-EBITDA will be in the low 3x area over the next couple of years. TORONTO (S&P Global Ratings) May 4, 2016--S&P Global Ratings today said it affirmed its ratings on George Weston Ltd., including its '###' long-term corporate credit and senior unsecured debt ratings on the company. At the same time, we revised our business risk profile to strong from satisfactory and our financial risk profile to significant from intermediate. "We base the affirmation on our view of George Weston's improved business risk profile, as the risks around the integration of Shoppers Drug Mart have abated and we believe subsidiary Loblaw Cos. Ltd. is well on its way to achieving...

  
Report Type:

Ratings Action

Ticker
WN@CN
Issuer
GICS
Food Retail (30101030)
Sector
Global Issuers
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "George Weston Ltd. CCR Affirmed At 'BBB' Business And Financial Risk Profiles Revised; Outlook Stable" May 04, 2016. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/George-Weston-Ltd-CCR-Affirmed-At-BBB-Business-And-Financial-Risk-Profiles-Revised-Outlook-Stable-1628763>
  
APA:
S&P Global Ratings’ Credit Research. (). George Weston Ltd. CCR Affirmed At 'BBB' Business And Financial Risk Profiles Revised; Outlook Stable May 04, 2016. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/George-Weston-Ltd-CCR-Affirmed-At-BBB-Business-And-Financial-Risk-Profiles-Revised-Outlook-Stable-1628763>
  
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