S&P affirms Ahold Delhaize

S&P said it affirmed its BBB/A-2 ratings in view of Ahold Delhaize's strong operating performance, after solid and sustainable same-store growth, despite challenging retail markets in the U.S. and Europe.

“The successful integration of Ahold with Delhaize after the 2016 merger has improved margins and cash generation, and therefore our view of the company's business profile. The group's focus on midsize store formats and ability to offer a fresh, healthy regional assortment of goods at competitive prices have enabled it to cater to customers' expectations and solidify its market position,” S&P said in a news release.

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