Report
Aarti Magan ...
  • Moritz Steinbauer
  • Thuvaraka Paramasivam

Sobeys Inc.: Rating Report

On May 29, 2023, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Senior Unsecured Debt rating of Sobeys Inc. (Sobeys or the Company) at BBB with Stable trends. The rating confirmations and Stable trends reflect DBRS Morningstar’s view that Sobeys, given the relatively inelastic nature of the Company's product offering, will be able to navigate the current environment of persistent inflationary pressures and consumers' decreasing purchasing power within the context of the BBB rating category. Sobeys’ ratings continue to be supported by its number two position in the Canadian food retailing market and its diversification across the country, balanced by the intensely competitive environment.
Underlying
Provider
DBRS Morningstar
DBRS Morningstar

DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.

Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.

Analysts
Aarti Magan

Moritz Steinbauer

Thuvaraka Paramasivam

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