S&P: Windsor Quality Food on positive watch

Standard & Poor’s said it placed the ratings, including its B+ corporate credit rating, on Windsor Quality Food Co. Ltd. on CreditWatch with positive implications.

The CreditWatch placement follows news that Ajinomoto Co. Inc. will acquire Windsor’s frozen food division for about $800 million.

Windsor’s credit profile will improve with the acquisition by higher-rated Ajinomoto and that Windsor will benefit from increased operating scale and international diversity, S&P said, as well as being part of the larger and financially stronger Ajinomoto.

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