S&P rates Albertson's loan BB-

Standard & Poor's said it assigned its B corporate credit rating to Albertson's LLC. The outlook is negative.

Concurrently, S&P assigned a BB- issue-level rating with a 1 recovery rating to the company's proposed $1.05 billion first-lien senior secured term loan due in 2016 and $1 billion asset-based revolving credit facility due in 2018. The 1 recovery ratings indicate S&P's expectation of very high (90% to 100%) recovery of principal in the event of a payment default.

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