Ratings On ConAgra Foods Lowered To 'BBB'; Outlook Is Stable - S&P Global Ratings’ Credit Research

Ratings On ConAgra Foods Lowered To 'BBB'; Outlook Is Stable

Ratings On ConAgra Foods Lowered To 'BBB'; Outlook Is Stable - S&P Global Ratings’ Credit Research
Ratings On ConAgra Foods Lowered To 'BBB'; Outlook Is Stable
Published Apr 03, 2009
Published Apr 03, 2009
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) April 3, 2009--Standard&Poor's Ratings Services said today that it lowered its corporate credit rating on ConAgra Foods Inc. to 'BBB' from 'BBB+', and removed all ratings on the company from CreditWatch with negative implications. We had placed the ratings on CreditWatch on Dec. 19, 2008, following weaker-than-expected credit measures and slower-than-expected operating momentum in the first half of fiscal 2009. The outlook is stable. Total debt at ConAgra was about $4 billion as of Feb. 22, 2009. The downgrade reflects ConAgra's continued weak credit measures and our expectation for limited improvement due to a challenging operating environment. The ratings reflect ConAgra's diverse portfolio of well-known packaged food brands and its good geographic coverage

  
Report Type:

Ratings Action

Ticker
CAG
Issuer
Conagra Brands Inc.
GICS
Packaged Foods & Meats (30202030)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
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ConAgra Foods Inc. – 2009/04/07 – US$ 500.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ratings On ConAgra Foods Lowered To 'BBB'; Outlook Is Stable" Apr 03, 2009. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-ConAgra-Foods-Lowered-To-BBB-Outlook-Is-Stable-713925>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On ConAgra Foods Lowered To 'BBB'; Outlook Is Stable Apr 03, 2009. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-ConAgra-Foods-Lowered-To-BBB-Outlook-Is-Stable-713925>
  
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