SAN FRANCISCO (Standard&Poor's) Feb. 13, 2015--Standard&Poor's Ratings Services said today that ConAgra Foods Inc.'s announcement of a new CEO, Sean Connolly, former CEO of Hillshire Brands, and its lowered fiscal 2015 earnings guidance does not currently change our view of the ratings. We will continue to monitor the company's operating performance and discuss with management the company's long-term financial targets and financial policy under new leadership, and we will assess the impact on the ratings, if any. Based on the revised guidance and the company's affirmation of its debt reduction goals, we estimate that the company will continue to maintain leverage below 4x, in line with our expectations for the current ratings. Under Standard&Poor's
