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DBRS: Canada Safeway notes BBB
DBRS said it finalized its rating of BBB on Canada Safeway Ltd.'s issue of C$300 million of 3% second series notes due March 31, 2014.
The trend is stable.
The notes will rank pari passu with all other unsecured and unsubordinated debt of Canada Safeway and will be guaranteed by Safeway, Inc.
The proceeds will be used for general corporate purposes, in conjunction with plans to repatriate funds to the United States.
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