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Sara Lee Ratings Affirmed Following Announced Plan to Reshape Business Portfolio Jun 00 Product Image

Sara Lee Ratings Affirmed Following Announced Plan to Reshape Business Portfolio Jun 00

  • ID: 1826610
  • June 2000
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's CreditWire) June 1, 2000--Standard & Poor's today affirmed its double-'A'-minus long-term corporate credit and senior unsecured debt ratings, as well as its 'A-1'-plus short-term corporate credit and commercial paper ratings, for Sara Lee Corp. The affirmation follows the company's announced plan to dispose of certain noncore assets. The outlook is stable. Approximately $4.8 billion of total operating lease-adjusted debt is outstanding. Sara Lee recently announced a plan to refocus its business on three segments: Food and Beverages, Intimates and Underwear, and Household Products. Activities will include the disposition of the following businesses: PYA/Monarch, the fourth-largest food service distributor in the U.S.; Coach, a leading global leather goods business; Champion, a global manufacturer and marketer of...

Companies mentioned in this report are: Sara Lee Corp.
Action: Affirmed

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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