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BULLETIN: Sara Lee Corp.'s Plan Will Have No Immediate Effect on Ratings Feb 05
Standard & Poors, Feb 2005
Abstract
NEW YORK (Standard & Poor's) Feb. 10, 2005-Standard & Poor's Ratings Services said today that Sara Lee Corp.'s (A/Negative/A-1) announcement of its comprehensive transformation plan will have no immediate effect on the ratings or outlook. Standard & Poor's will monitor the situation and the progress the company makes in achieving this plan. A key rating factor will be management's ability to successfully execute this multi-faceted plan to transform Sara Lee's business, operating and financial profile. Standard & Poor's expects that a portion of the proceeds from divestitures will be used to strengthen the company's balance sheet. The spin-off of the $4.5 billion branded apparel business will alleviate the company of a complex tax structure. Although this will increase the tax...
Companies mentioned in this report are: Sara Lee Corp.
Action: Bulletin
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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