Moody's says Dole's Litigation Settlement is Credit Negative; Ratings Unaffected
New York, March 03, 2017-- Moody's Investors Service commented that Dole Food Company, Inc.' s March 1, 2017 announcement that its Board of Director's approved a $74 million settlement to resolve litigation is credit negative because it will reduce Dole's liquidity, but that it does not affect its ratings or outlook. For more details please see the Issuer Comment published on March 3, 2017.. Dole Food Company, Inc. is a leading producer of fresh fruit and fresh vegetables.
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