(Source: Fitch Inc) 02 Nov 2015 10:32 PM GMT/UTC Fitch Ratings-New York-02 November 2015: Fitch Ratings has affirmed the long-term Issuer Default Ratings (IDRs) for ConAgra Foods, Inc. (ConAgra) and its subsidiary, Ralcorp Holdings, Inc. (Ralcorp) at 'BBB-' and short-term IDR at 'F3'. The Rating Outlook has been revised to Stable from Negative. A full list of ratings follows at the end of this release. KEY RATING DRIVERS Leverage Expected to Reduce to Low 3.0x The affirmation follows CAG's announcement that it has reached a definitive agreement to sell its private label operations to TreeHouse Foods for approximately $2.7 billion in cash and use the proceeds primarily for debt reduction, in...
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