Credit FAQ: Packaged Food And Non-Alcoholic Beverage Companies Face Higher Commodity Costs Jul 08

  • ID: 1827615
  • July 2008
  • Standard & Poors
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  • AdvancePierre Foods Inc.
  • Best Brands Corp.
  • Campbell Soup Co.
  • Flowers Foods Inc.
  • Kraft Heinz Foods Company
  • PepsiAmericas Inc.
  • MORE

Standard & Poor's Ratings Services publicly rates 37 packaged food and non-alcoholic beverage companies, including 23 in the investment-grade category and 14 in speculative grade. This Credit FAQ discusses industry trends and issues that affect both investment- and speculative-grade credits. In the speculative-grade category, several credits have negative outlooks, given their more limited ability to withstand a challenging cost environment and resulting tight covenant issues. However, the majority of investment-grade packaged food and non-alcoholic beverage issuers have stable outlooks. This generally reflects the inherent stability of consumer staple products, including meeting daily nutritional requirements and relative affordability, strong brand recognition, and the solid cash flow and margins they generate. The sectors are competitive and require substantial levels of marketing support...

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Note: Product cover images may vary from those shown
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- Beam Suntory Inc.
- Anheuser-Busch Companies, LLC
- Campbell Soup Co.
- The Coca-Cola Co.
- ConAgra Foods Inc.
- General Mills Inc.
- Kraft Heinz Foods Company
- The Hershey Co.
- Hormel Foods Corp.
- Kellogg Co.
- McCormick & Co. Inc.
- PepsiCo Inc.
- The Hillshire Brands Co.
- Brown-Forman Corp.
- Coca-Cola Bottling Co. Consolidated
- Constellation Brands Inc.
- Coca-Cola Enterprises Inc.
- Molson Coors Brewing Co.
- PepsiAmericas Inc.
- Big Heart Pet Brands
- B&G Foods Inc.
- Bellisio Foods Inc.
- The Pepsi Bottling Group Inc.
- Mondelez International Inc.
- Michael Foods Inc.
- Flowers Foods Inc.
- Wm. Wrigley Jr. Co.
- DS Services of America Inc.
- Pinnacle Foods Group LLC
- AdvancePierre Foods Inc.
- Windsor Quality Food Co. Ltd.
- CTI Foods Holding Co. LLC
- Best Brands Corp.
- Boulder Brands Inc.
- Dr Pepper Snapple Group Inc.

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown




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