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

Standard & Poors, February 2013

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Action: Withdrawn

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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.

- ConAgra Foods Inc.
- Ralcorp Holdings Inc.

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