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Albertson's LLC Assigned 'B' Corporate Credit Rating; Debt Rated 'BB-' Feb 13 Product Image

Albertson's LLC Assigned 'B' Corporate Credit Rating; Debt Rated 'BB-' Feb 13

  • Published: February 2013
  • Standard & Poors

Abstract
Albertson's LLC is purchasing Albertsons bannered stores, currently operated by SUPERVALU Inc., and is procuring a $1.05 billion term loan and a $1 billion asset based credit facility to partially fund the purchase. We expect more competitive pricing at the acquired stores to lead to margin pressures over the next year at the company. We are assigning a 'B' corporate credit rating to Albertson's LLC and a 'BB-' issue level rating and '1' recovery rating to the company's proposed $1.05 billion term loan and $1 billion asset based revolving credit facility. The negative rating outlook reflects the possibility of profit decreases to be greater than we expect, especially if the new pricing and merchandising strategies do not change the performance...

Companies mentioned in this report are:
- Albertson's LLC

Action: New Rating

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 READ MORE >

- Albertson's LLC

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