New York, February 20, 2014 -- Moody's Investors Services said today that Safeway Inc.'s ("Safeway") announcement that it is in discussions regarding a possible sale of the company and it intends to distribute its remaining 72.2% stake in Blackhawk to shareholders and it is exploring alternatives to monetize its 49% holding in Casa Ley (the fifth-largest food and general merchandise retailer in Mexico) is credit negative but will have no immediate effect on Safeway's Baa3 senior unsecured ratings, the company's Prime-3 short term rating or its negative ratings outlook.
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