Fitch Affirms Albertsons at 'BBB', Outlook to Negative from Stable.

Publication: Business Wire

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COPYRIGHT 2005 Business Wire

CHICAGO -- Fitch has affirmed the 'BBB' ratings on Albertsons Inc. (Albertsons) $1.4 billion bank credit facility and $5.7 billion senior notes and the 'F2' rating on the company's $1.4 billion commercial paper program. The Rating Outlook has been changed to Negative from Stable.

The ratings reflect Albertsons position as the second largest U.S. supermarket company, the diversity of its store base, and its efforts to sell underperforming assets. Also considered is the competitive operating environment facing the food retailers, the company's weak share in certain markets, and the impact of this on operating results. The Negative Outlook reflects...

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