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S&P keeps ConAgra Foods on developing watch
Standard & Poor’s announced that it is maintaining its ratings on ConAgra Foods Inc. on CreditWatch with developing implications, including its BBB- corporate credit and its A-3 short-term corporate credit and commercial paper ratings.
“ConAgra Foods Inc.’s CreditWatch developing listing follows its announcement that it has entered into an agreement to sell its private-label business to TreeHouse Foods Inc.,” said S&P credit analyst Bea Chiem in a news release.
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