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S&P Credit Research482 word report
published Mar 24, 2008
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) March 24, 2008-- Standard&Poor's Ratings Services said today that it assigned its 'A' senior unsecured rating to the $250 million senior unsecured notes due 2013 offered by Hershey, Pa.-based The Hershey Company (A/Negative/A-1). These notes will be issued off of Hershey's previously filed Rule 415 shelf registration for debt securities. Proceeds from this debt issuance will be used to repay a portion of commercial paper. About $2.1 billion total debt was outstanding at Dec. 31, 2007. The ratings on Hershey reflect its leading market position in the U.S. chocolate and confectionary market, and its strong cash-generating ability. A relatively narrow business and geographic focus partially offsets these strengths. (For the latest complete corporate
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| Brief Excerpt: | RESEARCH Ratings Definitions The Hershey Co.'s $250 Million Senior Unsecured Notes Assigned 'A' Rating Publication date: 24-Mar-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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- Hershey Co. (The) $400.00
Strong brand recognition; Stable cash flow and solid margins; and Leading share in the U.S. chocolate market. Narrow business focus, mainly within the chocolate confectionary market; Limited geographical diversification outside North America; ...
- Summary: Hershey Co. (The) $175.00
The ratings on Hershey, Pa.-based The Hershey Co. reflect its leading market position in the U.S. chocolate and confectionary market, and its strong cash-generating ability. A relatively narrow business and geographic focus partially offset ...
- Summary: The Hershey Co. $175.00
The ratings on Hershey, Pa.-based The Hershey Co. reflect its leading market position in the U.S. chocolate and confectionary market, and its strong cash-generating ability. A relatively narrow business and geographic focus partially offset ...
- The Hershey Co. $400.00
Strong brand recognition; Stable cash flow and solid margins for the packaged foods industry; and Leading share in the U.S. chocolate market despite challenges. Narrow business focus, mainly within the confectionary market; Limited geographical ...
- Summary: The Hershey Co. $175.00
The ratings on Hershey, Pa.-based The Hershey Co. reflect its leading market position in the U.S. chocolate and confectionary market, and its strong cash-generating ability. A relatively narrow business and geographic focus partially offsets ...
- The Hershey Co. Outlook Revised To Negative; 'A' Rating Affirmed $100.00
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' ...
- Research Update: The Hershey Co. Outlook Revised To Negative On Weak 2008 Forecast $175.00
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 ...
