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

Loblaw Cos. Ltd. CCR Affirmed At 'BBB', Outlook Stable; Business And Financial Risk Profiles Revised

Loblaw Cos. Ltd. CCR Affirmed At 'BBB', Outlook Stable; Business And Financial Risk Profiles Revised - S&P Global Ratings’ Credit Research
Loblaw Cos. Ltd. CCR Affirmed At 'BBB', Outlook Stable; Business And Financial Risk Profiles Revised
Published May 04, 2016
4 pages (1615 words) — Published May 04, 2016
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

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

  
Brief Excerpt:

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

  
Report Type:

Ratings Action

Ticker
L@CN
Issuer
Loblaw Cos. Ltd.
GICS
Food Retail (30101030)
Sector
Global Issuers
Country
Canada
Region
Canada
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Loblaw Cos. Ltd. CCR Affirmed At 'BBB', Outlook Stable; Business And Financial Risk Profiles Revised" May 04, 2016. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Loblaw-Cos-Ltd-CCR-Affirmed-At-BBB-Outlook-Stable-Business-And-Financial-Risk-Profiles-Revised-1628769>
  
APA:
S&P Global Ratings’ Credit Research. (). Loblaw Cos. Ltd. CCR Affirmed At 'BBB', Outlook Stable; Business And Financial Risk Profiles Revised May 04, 2016. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Loblaw-Cos-Ltd-CCR-Affirmed-At-BBB-Outlook-Stable-Business-And-Financial-Risk-Profiles-Revised-1628769>
  
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