London, 15 September 2015 -- Moody's Investors Service has today downgraded to Baa3/(P)Baa3 from Baa2/(P)Baa2 the long-term issuer and senior unsecured ratings of Wm Morrison Supermarkets plc (Morrisons) and its guaranteed subsidiary Safeway Limited. Concurrently, Moody's has downgraded Morrisons' short term ratings to Prime-3/(P)Prime-3 from Prime-2/(P)Prime-2. The outlook on the ratings is stable.
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