Moody's assigns (P)Baa1 rating to Saputo's MTN program
Toronto, November 29, 2016-- Moody's Investors Service assigned a Baa1 senior unsecured rating to Saputo Inc.' s C $2 billion medium term note program, which will replace the existing C $2 billion MTN program that is due to expire next month. Moody's will withdraw the Baa1 rating on the existing MTN program once it is cancelled. Saputo's Baa1 senior unsecured rating is primarily driven by the company's long history of strong credit metrics, good market share positions in dairy...
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