The ratings assigned are based on the ratings of an already-outstanding series of the above-mentioned debt instrument.
The Notes are unsecured and rank pari passu with all other unsecured and unsubordinated indebtedness of the Company. Loblaw intend to use the combined net proceeds from the Notes to fund the redemption of the Company's outstanding
Loblaw's ratings reflect the Company's strong business risk profile, including its position as
ENVIRONMENTAL, SOCIAL, GOVERNANCE CONSIDERATIONS
There were no Environmental/Social/Governance factor(s) that had a significant or relevant effect on the credit analysis.
A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://www.dbrsmorningstar.com/research/396929/dbrs-morningstar-criteria-approach-to-environmental-social-and-governance-risk-factors-in-credit-ratings>.
Notes:
All figures are in Canadian dollars unless otherwise noted.
The principal methodologies are the Global Methodology for Rating Companies in the Merchandising Industry (
The conditions that lead to the assignment of a Negative or Positive trend are generally resolved within a 12-month period. DBRS Morningstar trends and ratings are under regular surveillance.
For more information on this credit or on this industry, visit www.dbrsmorningstar.com or contact us at info@dbrsmorningstar.com' >info@dbrsmorningstar.com.
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