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Viewing report
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Canadian Supermarkets Are Viewed Favorably Nov 00
Standard & Poors, Nov 2000
Abstract
Standard & Poor's has a relatively favorable view of the Canadian food retail industry, regarding it slightly more positively than that of the U.S. and similarly to that of the U.K. Despite low profitability in this notoriously competitive industry, the strength and scope of the few major players and the absence to date of the supercenter format (a discount department store combined with a grocery store) bode well for reasonably capitalized Canadian supermarkets, at least in the medium term. The Canadian food retailing industry generated more than C$54 billion of revenues in 1999 and has grown at an average annual growth rate of 2.8% since 1990. Although the industry is fragmented by more than 25,000 outlets, including chain supermarkets, convenience...
Companies mentioned in this report are: Metro,Albertson's Inc. ,Canada,Kroger Co.,Safeway Inc.,Wal-Mart Stores Inc.,France (Republic of) (Unsolicited Ratings),United Kingdom (Unsolicited Ratings),Netherlands (State of The) (Unsolicited Ratings),Costco Wholesale Corp.,Sobeys Inc.,Loblaw Companies Ltd.,Metro Inc.
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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