NEW YORK (Standard&Poor's CreditWire) June 14, 1999--Standard&Poor's today assigned its triple-'B'-plus rating to ConAgra Inc.'s $400 million floating-rate notes due 2000. The triple-'B'-plus long-term corporate credit and senior unsecured debt ratings for the company, as well as the triple-'B' subordinated debt rating, were affirmed. The 'A-2' short-term corporate credit and commercial paper ratings for the company also were affirmed. The outlook is stable. Approximately $5.3 billion of total debt was outstanding as of Feb. 28, 1999. The ratings reflect ConAgra Inc.'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 inputs. These factors are offset,
