DBRS: Safeway under review

DBRS said it placed the ratings of Safeway Inc. and Canada Safeway Ltd. (now known as CSL IT Services ULC; collectively, Safeway) under review with negative implications following the company's announcement that it is in discussion concerning a possible transaction involving the sale of the company.

The review with negative implications reflects uncertainty surrounding a possible transaction involving the sale of the company and the likelihood that such a transaction would result in higher financial leverage, DBRS said.

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