Report
EUR 166.30 For Business Accounts Only

Moody's downgrades Dean Foods PDR to D-PD on Chapter 11 filing

Rating Action: Moody's downgrades Dean Foods PDR to D-PD on Chapter 11 filing. Global Credit Research- 12 Nov 2019. New York, November 12, 2019-- Moody's Investors Service downgraded Dean Foods Company's Probability of Default Rating to D-PD from Caa2-PD following the company's Chapter 11 filing on 12 November, 2019. Dean's Corporate Family Rating was downgraded to Ca from Caa2 and the senior unsecured notes were downgraded to Ca from Caa3.
Underlying
Dean Foods Company

Dean Foods is a food and beverage company and a processor and direct-to-store distributor of fluid milk and other dairy and dairy case products. The company manufactures, markets and distributes a branded and private label dairy and dairy case products, including fluid milk, ice cream, cultured dairy products, creamers, ice cream mix and other dairy products to retailers, educational institutions and governmental entities. The company's portfolio includes DairyPure?, and TruMoo? flavored milk brand, along with dairy brands such as Alta Dena ?, Berkeley Farms ?, Country Fresh ?, Dean's ?, Friendly's ?, Lehigh Valley Dairy Farms ?, and more. The company also makes and distributes juices, teas and bottled water.

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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