date:Aug 21, 2013
Steady and impressive sales gains in markets outside Greece have prompted Moodys Investors Service to change the credit ratings outlook of Fage International S.A. to stable from negative.
Strength in the United States has offset what remains a highly challenging environment for Fage in Greece. The company is the largest yogurt maker in Greece and is the No. 4 U.S. yogurt company.
In the United States, 2012 sales were up 27% from the year before with volume up 32%.
This increase was driven by