American Stores CP, Sr Debt Ratings Withdrawn by Fitch IBCA.NEW YORK--(BUSINESS WIRE)--Aug. 6, 1999-- Fitch fitch: see polecat. IBCA IBCA International Braille Chess Association IBCA Institute of Burial and Cremation Administration IBCA Integrated Business Communications Alliance IBCA International Barbeque Cookers Association IBCA Department of Interior Board of Contract Appeals has withdrawn its `F2' rating on American Stores American Stores was the name of a United States chain of supermarkets. It was formed in 1917 when Acme Markets merged with four other Philadelphia area grocery chains into American Stores. American Stores would grow to 1,700 stores in 40 states with $15 billion in sales. Co.'s $1.0 billion 3(a)3 commercial paper program. The withdrawal follows the maturity of the outstanding commercial paper and termination of the program subsequent to the completion of the company's merger with Albertson's Inc. in June 1999. At the same time, Fitch IBCA upgrades American Stores' senior unsecured debt Unsecured debt Debt that does not identify specific assets that the debtholder is entitled to in case of default. to `A' from `A-`, removing it from RatingAlert Positive, and withdraws the rating. Fitch IBCA rates Albertson's $3.1 billion commercial paper programs `F1'. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion