date:Jan 31, 2013
oodys said.
Expectations that General Mills will continue to generate stable operating flows are central to the positive ratings outlook, the agency said. The companys credit metrics are at the high end of those for a food company with a Baa1 rating, and an upgrade is possible if General Mills maintains a moderate financial policy, Moodys said.
Quantitatively, retained cash flow/net debt would need to recover and be sustained above 18% to warrant an upgrade, the agency said. Ratings could be d