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July 5, 2005

Sector Watch: Fitch 'Negative' on Top Three Grocers, S&P Downgrades Them

By Michelle Napoli

Supermarkets are increasingly coming under fire, as Fitch Ratings affirmed its ratings of the country's three largest grocers—Kroger Co., Albertson's Inc. and Safeway Stores Inc.—but revised the outlook on two, resulting in all three having a negative outlook. Other analysts noted the increasing competition pressuring the supermarket industry.


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