date:Jan 17, 2013
Flowers Foods, Inc. is under review at Moodys Investors Service for a possible downgrade in the aftermath of Flowers signing two purchase agreements aggregating $390 million as the stalking horse bidder for assets of Hostess Brands, Inc.
Under review is the Baa2 long-term issuer rating for Flowers as well as its senior unsecured debt and senior unsecured shelf debt.
The rating review is driven by the anticipated increase in leverage that would result from the proposed transaction, and uncertai