S&P Raises ConAgra's Sr Rtg To BBB+, Pfd Stk To BBB - S&P Global Ratings’ Credit Research

S&P Raises ConAgra's Sr Rtg To BBB+, Pfd Stk To BBB

S&P Raises ConAgra's Sr Rtg To BBB+, Pfd Stk To BBB - S&P Global Ratings’ Credit Research
S&P Raises ConAgra's Sr Rtg To BBB+, Pfd Stk To BBB
Published Dec 20, 1996
Published Dec 20, 1996
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Abstract:

NY -- Standard&Poor's CreditWire 12/20/96 -- Standard&Poor's today has raised its corporate credit rating and senior unsecured debt rating on ConAgra Inc. to triple-`B'-plus from triple-`B' and has raised its subordinated debt rating to triple-`B' from triple-`B'-minus. Also, Standard&Poor's has raised the preferred stock rating on subsidiary ConAgra Capital L.C. to triple-`B' from triple-`B'-minus. In addition, Standard&Poor's has affirmed its `A-2' commercial paper rating on ConAgra. The ratings outlook is now stable. Approximately $5.1 billion of total debt is outstanding. The upgrade reflects the continued gradual improvement in ConAgra's financial profile. The ratings reflect relatively low business risk, derived from a diverse portfolio of leading packaged-food brands, and its major positions in

  
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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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "S&P Raises ConAgra's Sr Rtg To BBB+, Pfd Stk To BBB" Dec 20, 1996. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Raises-ConAgra-s-Sr-Rtg-To-BBB-Pfd-Stk-To-BBB-79082>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Raises ConAgra's Sr Rtg To BBB+, Pfd Stk To BBB Dec 20, 1996. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Raises-ConAgra-s-Sr-Rtg-To-BBB-Pfd-Stk-To-BBB-79082>
  
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