BULLETIN: ConAgra Foods Inc.'s Share Repurchase Program Has No Ratings Effect - S&P Global Ratings’ Credit Research

BULLETIN: ConAgra Foods Inc.'s Share Repurchase Program Has No Ratings Effect

BULLETIN: ConAgra Foods Inc.'s Share Repurchase Program Has No Ratings Effect - S&P Global Ratings’ Credit Research
BULLETIN: ConAgra Foods Inc.'s Share Repurchase Program Has No Ratings Effect
Published Dec 04, 2003
Published Dec 04, 2003
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About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Dec. 4, 2003--Standard&Poor's Ratings Services said today that the ratings and outlook on ConAgra Foods Inc. (BBB+/Stable/A-2) would not be affected by the company's announcement that it had established a $1 billion common stock share repurchase program. Standard&Poor's expects that share repurchases will be done with proceeds from ConAgra's two recent divestitures (chicken processing operations and agricultural distribution operations) and free cash flow. However, the share buyback program will limit the company's financial flexibility for strategic acquisitions.

  
Report Type:

Bulletin

Ticker
CAG
Issuer
Conagra Brands Inc.
GICS
Packaged Foods & Meats (30202030)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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ConAgra Foods Inc. – 2003/12/19 – US$ 500.00

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MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: ConAgra Foods Inc.'s Share Repurchase Program Has No Ratings Effect" Dec 04, 2003. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-ConAgra-Foods-Inc-s-Share-Repurchase-Program-Has-No-Ratings-Effect-348223>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: ConAgra Foods Inc.'s Share Repurchase Program Has No Ratings Effect Dec 04, 2003. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-ConAgra-Foods-Inc-s-Share-Repurchase-Program-Has-No-Ratings-Effect-348223>
  
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