DBRS changes trend on Loblaw to positive

DBRS Morningstar said it changed the trend on all of Loblaw Cos. Ltd.’s ratings to positive from stable.

“The trend change reflects the company’s strong business profile, stable operating performance in both food retail and pharmacy as well as improved credit metrics after the spin-out of Choice Properties Real Estate Investment Trust (CHP; rated BBB with a stable trend by DBRS Morningstar),” said the agency in a press release.

DBRS Morningstar also confirmed Loblaw’s issuer rating and medium-term notes and debentures ratings at BBB and the second preferred shares at Pfd-3.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.