date:Jan 17, 2013
senior unsecured term loan facility arranged in December 2012.
While the Baa2 rating is supported by a diversified portfolio of food products at ConAgra Foods, solid cash flow and the companys large scale, the rating is constrained by weakened credit metrics that will result from the pending Ralcorp acquisition and by the limited strength of its portfolio of mostly middle-tier brands, Moodys said.
The negative rating outlook reflects material deterioration of ConAgras credit profile that will