Moody’s: ConAgra view to stable

Moody's Investors Service said it revised the outlook of ConAgra Foods, Inc. to stable from developing.

All of the company's ratings, including the Baa2 senior unsecured and Prime-2 commercial paper ratings, were affirmed.

Moody’s said the outlook revision reflects its expectation that ConAgra will remain well-positioned in the Baa2 rating category for the foreseeable future. The view is based on the balanced capital structure anticipated following the pending spin-off of ConAgra's Lamb Weston commercial foods business and the company's stated commitment to maintain an investment grade profile, the agency added.

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