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BULLETIN: Investigation Of Dole Food, Del Monte, And Fresh Del Monte Does Not Affect Ratings Jun 05
Standard & Poors, June 2005
Abstract
NEW YORK (Standard & Poor's) June 3, 2005--On June 2, 2005, the European Commission launched an investigation of Dole Food Co. Inc. (BB-/Negative/B-2), Del Monte Foods Co. (BB-/Positive/B-1), Fresh Del Monte Produce Inc. (BB/Stable/--), and other European fruit and vegetable distributors, having reason to believe that they may have violated European Union competition laws. Although these allegations are a concern, Standard & Poor's believes it would be premature to take any rating or outlook actions given the lack of information available at this point and the inconclusive nature of the investigation. Standard & Poor's will continue to closely monitor developments with the ongoing European Commission investigation and assess the effect of any material developments on the companies' ratings and outlooks...
Companies mentioned in this report are: Dole Food Co. Inc.,Del Monte Corp.,Fresh Del Monte Produce Inc.
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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