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AMERICAN STORES $250 MILLION 9-1/8 PERCENT NOTES RATED 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --

AMERICAN STORES $250 MILLION 9-1/8 PERCENT NOTES RATED 'BBB' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, March 24 /PRNewswire/ -- American Stores Co.'s $250 million 9-1/8 percent notes due April 1, 2002, are rated 'BBB' by Fitch. The issue will be sold pursuant to a Rule 415 registration, of which $250 million remains available. Outstanding ratings are affirmed as follows: 'BBB' senior debt, 'BBB-' convertible subordinated debt, and 'F-2' commercial paper. The credit trend is stable.
 Proceeds from this offering will be used to repay a portion of the long-term debt under the company's principal bank credit agreement. The prepayment of a portion of this bank debt will substantially reduce scheduled debt maturities through 1993. As a result, the company will be able to direct a greater portion of operating cash flow toward capital improvements. The rating continues to reflect American Stores' strong regional market shares and ability to generate substantial cash flow from operations, as well as the favorable characteristics and demographics associated with the supermarket and drug store industries.
 American Stores is the largest domestic supermarket, drug store, and combination food & drug retailer.
 -0- 3/24/92
 /CONTACT: Keith Foley, 212-908-0572, or Phillip R. Brannon, 212-908-0500, both of Fitch/
 (ASC) CO: American Stores Co. ST: Utah IN: REA SU: RTG


CK -- NY060 -- 1250 03/24/92 16:43 EST
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Publication:PR Newswire
Date:Mar 24, 1992
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