Loblaw Cos. Ltd. Off CreditWatch Negative But Shoppers Drug Mart Corp. Remains On Watch Until Acquisition Is Completed - S&P Global Ratings’ Credit Research

Loblaw Cos. Ltd. Off CreditWatch Negative But Shoppers Drug Mart Corp. Remains On Watch Until Acquisition Is Completed

Loblaw Cos. Ltd. Off CreditWatch Negative But Shoppers Drug Mart Corp. Remains On Watch Until Acquisition Is Completed - S&P Global Ratings’ Credit Research
Loblaw Cos. Ltd. Off CreditWatch Negative But Shoppers Drug Mart Corp. Remains On Watch Until Acquisition Is Completed
Published Aug 02, 2013
Published Aug 02, 2013
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We are removing our ratings on Loblaw Cos. Ltd., George Weston Ltd. (GWL), and Choice Properties Real Estate Investment Trust from CreditWatch, where they were placed with negative implications July 16, 2013. At the same time, we are affirming our 'BBB' ratings on all three companies. GWL and Choice Properties are Loblaw's parent and subsidiary, respectively. We are also keeping our ratings on Shoppers Drug Mart Corp. on CreditWatch with negative implications (where they were placed July 16), as we expect to equalize our 'BBB+' rating on Shoppers with our 'BBB' rating on Loblaw upon completion of Loblaw's acquisition of Shoppers and remove Shoppers from CreditWatch. The stable outlook on Loblaw and its parent and subsidiary reflects our expectation that

  
Report Type:

Ratings Action

Ticker
L@CN
Issuer
Loblaw Cos. Ltd.
GICS
Food Retail (30101030)
Sector
Global Issuers, Structured Finance
Country
Canada
Region
Canada
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Loblaw Cos. Ltd. Off CreditWatch Negative But Shoppers Drug Mart Corp. Remains On Watch Until Acquisition Is Completed" Aug 02, 2013. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Loblaw-Cos-Ltd-Off-CreditWatch-Negative-But-Shoppers-Drug-Mart-Corp-Remains-On-Watch-Until-Acquisition-Is-Completed-1172706>
  
APA:
S&P Global Ratings’ Credit Research. (). Loblaw Cos. Ltd. Off CreditWatch Negative But Shoppers Drug Mart Corp. Remains On Watch Until Acquisition Is Completed Aug 02, 2013. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Loblaw-Cos-Ltd-Off-CreditWatch-Negative-But-Shoppers-Drug-Mart-Corp-Remains-On-Watch-Until-Acquisition-Is-Completed-1172706>
  
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