Fitch revises Conagra view to positive

Fitch Ratings said it affirmed Conagra Brands, Inc.'s long-term issuer default rating at BBB-.

The outlook was revised to positive from stable.

Fitch said the positive outlook recognizes Conagra's evolution to a business model that should align well with the largest U.S. packaged food companies, given the potential for low-single-digit organic growth and a mid-teens operating margin structure.

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