Moody's assigns Baa3 to Conagra's new senior unsecured notes; outlook is stable
Moody's Investors Service (Moody's)  assigned a Baa3 rating to Conagra Brands, Inc.'s ("Conagra") proposed new 3-year  senior unsecured notes. All other ratings for the company remain unchanged including its senior unsecured debt ratings at Baa3 and commercial paper rating at Prime-3. The rating o...Conagra Brands is a packaged goods food company. The company's segments are: Grocery and Snacks, which includes branded, shelf stable food products sold in various retail channels; Refrigerated and Frozen, which includes branded, temperature controlled food products sold in various retail channels; International, which includes branded food products sold in retail and foodservice channels outside of the U.S.; Foodservice, which includes customized food products for sale to restaurants and other foodservice establishments; Pinnacle Foods, which includes and private-label food products; and Commercial Foods, which included commercially branded and private label food and ingredients, among others.
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