S&P lowers Kraft Heinz view to stable

S&P said it revised Kraft Heinz Co.’s outlook to stable from positive and affirmed its BBB-1 corporate credit rating.

As of Dec. 31, 2016, the company had roughly nearly $32 billion in outstanding debt, the agency said.

The outlook revision reflects a belief that Kraft Heinz's bid for Unilever demonstrates a more aggressive financial policy because as it is willing to make a very large acquisition, S&P said.

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