NEW YORK (Standard&Poor's CreditWire) Sept. 14, 2000--Standard&Poor's today assigned its triple-'B'-plus rating to ConAgra Inc.'s $1.65 billion senior unsecured debt securities (see list below). At the same time, Standard&Poor's affirmed its triple-'B'-plus long-term corporate credit and senior unsecured debt ratings, and its triple-'B' subordinated debt rating, on ConAgra. The 'A-2' short-term corporate credit and commercial paper ratings for the company also were affirmed. The outlook is stable. About $3.8 billion of total debt was outstanding as of May 28, 2000. The ratings reflect ConAgra's relatively low business risk derived from a diverse portfolio of leading packaged-food brands, as well as the company's major positions in meat packing, poultry, flour milling, grain trading, and agricultural
