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Ahold Koninklijke N.V.'s LT Ratings Affirmed and Off CreditWatch Negative; Outlook Negative May 00
Standard & Poors, May 2000
Abstract
PARIS (Standard & Poor's CreditWire) May 16, 2000--Following the successful completion of Ahold Koninklijke N.V.'s (Ahold) euro 2.4 billion (excluding the greenshoe option) equity issue, Standard & Poor's today affirmed its long-term single-'A'-minus corporate credit and senior unsecured debt ratings, as well as its triple-'B'-plus subordinated debt rating, on the Netherlands-based global food retailer and removed them from CreditWatch, where they had been placed with negative implications on Dec. 9, 1999. The outlook is negative. The single-'A'-minus senior unsecured debt ratings on its guaranteed subsidiaries Ahold Finance B.V., Ahold Finance Europe B.V., and Ahold Finance USA Inc. were also affirmed and removed from CreditWatch. The short-term 'A-2' corporate credit rating is unchanged. The rating action reflects the size of the...
Companies mentioned in this report are: Koninklijke Ahold N.V.,U.S. Foodservice Inc.,Ahold Finance USA, LLC
Action: Affirmed, Off CreditWatch
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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