SAN FRANCISCO (Standard&Poor's) July 21, 2014--Standard&Poor's Ratings Services today assigned its 'BBB-' issue-level rating to ConAgra Foods Inc.'s proposed $300 million floating rate senior unsecured notes due 2016. These notes will be issued off of the company's rule 415 shelf registration. The company indicated that it intends to use net proceeds for general corporate purposes, including the repayment of outstanding commercial paper borrowings and other debt. As of May 25, 2014, the Omaha-based company had approximately $9 billion in reported debt outstanding. The corporate credit rating on ConAgra is 'BBB-', with a stable outlook. The ratings reflect our assessment of the company's business risk profile as "satisfactory" and financial risk profile as "significant". Key credit factors
