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ConAgra Foods Inc.'s Senior Unsecured Notes Assigned 'BBB-' Rating Feb 13 Product Image

ConAgra Foods Inc.'s Senior Unsecured Notes Assigned 'BBB-' Rating Feb 13

  • Published: February 2013
  • Standard & Poors

FEATURED COMPANIES

  • ConAgra Foods Inc.
  • Ralcorp Holdings Inc.
  • MORE

Abstract
SAN FRANCISCO (Standard & Poor's) Feb. 4, 2013--Standard & Poor's Ratings Services today assigned its 'BBB-' senior unsecured issue-level ratings to Omaha, Neb.-based ConAgra Foods Inc.'s $282.741 million 4.950% notes due 2020 and $433.275 million 6.625% notes due 2039. The issuance of these notes followed the completion of ConAgra's previously announced exchange offers and consent solicitations for about $750 million of notes previously issued by Ralcorp Holdings Inc., a wholly owned operating subsidiary of ConAgra. We understand that approximately $33.9 million of the 2020 and 2039 notes were not exchanged and will remain an obligation of Ralcorp. The ratings on ConAgra reflect our opinion of the company's "satisfactory" business risk profile and "significant" financial risk profile. Key credit factors we...

Companies mentioned in this report are:
- ConAgra Foods Inc.
- Ralcorp Holdings Inc.

Action: New Rating
Action: Withdrawn

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress READ MORE >

- ConAgra Foods Inc.
- Ralcorp Holdings Inc.

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