date:Aug 21, 2013
the health food trend in the U.S. and the fact that yogurt is a cheap source of protein, Moodys said.
Sales volume rose 29% and 7%, respectively in Italy and the United Kingdom in 2012, Moodys said.
This geographic diversification helps mitigate the more challenged performance of Fages Greek operations, which represented approximately 31% of sales in 2012, Moodys said.
Moodys affirmed the B3 corporate family rating for Fage, affecting $400 million of senior unsecured notes maturing in Februar