S&P: Dole, Del Monte unchanged

The European Commission on Friday launched an investigation of Dole Food Co. Inc. (BB-/negative/B-2), Del Monte Foods Co. (BB-/positive/B-1), Fresh Del Monte Produce Inc. (BB/stable/--), and other European fruit and vegetable distributors, having reason to believe that they may have violated European Union competition laws.

Although these allegations are a concern, Standard & Poor's said it believes it would be premature to take any rating or outlook actions given the lack of information available at this point and the inconclusive nature of the investigation.

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