Research Update: Tyson Foods Inc. 'BBB-' Rating Outlook Revised To Positive On Reduced Debt And Improved Credit Measures Jan 12

Standard & Poors, January 2012

Abstract
Given its reduced debt, we believe U.S. meat marketer and producer Tyson Foods can sustain its improved credit measures despite the potential for a softening of operating performance in the coming quarters. We are affirming the ratings on the company, including the 'BBB-' corporate credit rating. We are revising the rating outlook to positive from stable, reflecting our belief that the company can sustain its improved credit measures and continue to effectively manage volatile commodity costs. On Jan. 13, 2012, Standard & Poor's Ratings Services affirmed its ratings on Springdale, Ark.-based meat marketer and producer Tyson Foods Inc. and its wholly owned subsidiary Tyson Fresh Meats Inc., including the 'BBB-' corporate credit rating. At the same time, we revised the...

Companies mentioned in this report are: Tyson Foods Inc.,Tyson Fresh Meats Inc.
Action: Affirmed
Action: Outlook: Positive

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.

Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

Tyson Foods Inc.,Tyson Fresh Meats Inc.

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