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BULLETIN: ConAgra Foods Inc.'s Plans Will Have No Immediate Ratings Effect Mar 06
Standard & Poors, March 2006
Abstract
NEW YORK (Standard & Poor's) March 17, 2006-Standard & Poor's Ratings Services said today that ConAgra Foods Inc.'s (BBB+/Negative/A-2) announcement of its strategy and outlook would have no immediate effect on the ratings or outlook. Standard & Poor's will monitor the situation and the progress the company makes in achieving the plan of the new CEO, Gary Rodkin. A key factor in our rating analysis will be management's ability to successfully execute this multi-faceted plan to transform ConAgra Food's business, operating, and financial profile. Standard & Poor's is concerned that while ConAgra Foods tries to 'catch-up' to its peers in the packaged food industry in the next several years, the company will still remain a step or two behind even...
Companies mentioned in this report are: ConAgra Foods 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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