Empire Company Ltd. is not currently rated by any credit rating agency. Empire's subsidiary, Sobeys Inc., is rated by both DBRS Ltd. and Standard & Poor's (S&P).
|
Medium Term Notes
| BBB (Stable Trend)
| BBB- (Stable Trend)
|
Sinking Fund Debentures
| BBB (Stable Trend) | BBB- (Stable Trend) |
Effective Date
| September 14, 2009
| January 12, 2010
|
The credit ratings accorded to the debt by the rating agencies are not a recommendation to purchase, hold or sell the debt, in as much as such ratings do not comment as to market price or suitability for a particular investor. Credit ratings are intended to provide investors with an independent measure of the credit quality of an issue of securities. The Company provides the rating agencies with confidential, in- depth information in support of the rating process.
The credit ratings on the Medium Term Notes ("MTNs") and Debentures may not reflect the potential impact of all risks related to structure and other factors on the value of the MTNs and Debentures. In addition, real or anticipated changes in the Company’s credit ratings will generally affect the market value of the debt. The foregoing ratings may be revised or withdrawn at any time by the rating agency if, in its judgment, circumstances warrant.