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Prospect News home > News index > List of issuers S > Headlines for Smithfield Foods Inc. > News item |
S&P assigns BBB- to Smithfield notes
S&P said it assigned its BBB- issue-level rating to Smithfield Foods Inc.'s proposed senior notes (final amount and maturity to be determined).
“This is a leverage-neutral transaction, and we expect the company to use the net proceeds to pre-fund upcoming maturities,” S&P said in a news release.
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