TORONTO (Standard&Poor's) Dec. 5, 2008--Standard&Poor's Ratings Services today said it placed its ratings, including its 'BBB' long-term corporate credit rating, on Toronto-based George Weston Ltd. on CreditWatch with negative implications. This means that we could either lower or affirm the ratings after completion of our review. "The CreditWatch placement follows the company's announcement that its subsidiary, Dunedin Holdings SARL, is in discussions with Mexico-based Grupo Bimbo S.A.B. de C.V. about the possible divestment of George Weston's U.S. fresh bread and baked goods business," said Standard&Poor's credit analyst Lori Harris. Although total estimated sales proceeds and their redeployment are currently unknown, there is market speculation about whether the proceeds will be used for the possible
