09:05 AM EDT, 05/17/2024 (MT Newswires) -- Morningstar DBRS on Thursday confirmed the issuer rating, the medium-term notes credit rating, and the debentures credit rating of Loblaw ( LBLCF ) at BBB (high).

Additionally, the rating agency confirmed Loblaw's ( LBLCF ) second preferred shares credit rating at Pfd-3 (high). All trends remain stable.

The Canadian retailer's shares edged up over 1% in Canada yesterday.