SAN FRANCISCO (Standard&Poor's) Sept. 10, 2012--Standard&Poor's Ratings Services today assigned its 'BBB' senior unsecured debt ratings to Omaha, Neb.-based ConAgra Foods Inc.'s proposed senior unsecured debt securities expected to total about $750 million, consisting of a three-year, five-year, and 10-year tranche (actual amounts and maturity dates to be finalized at the close of the transaction). The notes will be issued under the company's Rule 415 shelf registration. We expect net proceeds of this offering to be used for general corporate purposes, including repayment of outstanding commercial paper. The ratings on ConAgra reflect our opinion of the company's "satisfactory" business risk profile and "intermediate" financial risk profile. Key credit factors in our business risk assessment include the
