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S&P Credit Research552 word report
published Jan 24, 2008
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| Abstract: | NEW YORK (Standard&Poor's) Jan. 24, 2008--Standard&Poor's Ratings Services said today it revised its outlook on Hershey, Pa.-based The Hershey Company to negative from stable, and affirmed existing ratings on the company, including the 'A' corporate credit rating and 'A-1' commercial paper rating. About $2.1 billion total debt was outstanding at Dec. 31, 2007. "The outlook revision follows the company's recent fourth-quarter earnings release, and reflects Hershey's continued weak operating performance and a weaker-than-expected outlook for 2008," said Standard&Poor's credit analyst Alison Sullivan. The U.S. business continues to be squeezed by higher input and operating costs and strong competitive activity. Market share declined about 1.3% in the fourth quarter and full year of 2007. Operating
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| Brief Excerpt: | RESEARCH Ratings Definitions The Hershey Co. Outlook Revised To Negative; 'A' Rating Affirmed Publication date: 24-Jan-2008 Primary Credit Analyst: Alison Sullivan, CFA, New York (1) 212-438-3007; alison_sullivan@standardandpoors.com...
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| Report Type: | Ratings Action
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| Ticker: | HSY
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| Issuer: | Hershey Co. (The)
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| GICS: | Packaged Foods & Meats (30202030)
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| Sector: | Consumer Products, Corporations, Global Issuers
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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On Jan. 24, 2008, Standard&Poor's Ratings Services revised its outlook on Hershey, Pa.-based The Hershey Company to negative from stable, and affirmed existing ratings on the company, including the 'A' corporate credit rating and 'A-1' commercial ...
- Bulletin: The Hershey Co. Ratings Currently Unaffected By Board Resignations $100.00
NEW YORK (Standard&Poor's) Nov. 13, 2007--Standard&Poor's Ratings Services said today that its rating on The Hershey Co. (A/Stable/A-1) is not affected at this time by the resignation of eight of 11 board members. Six board members resigned ...
