DBRS Morningstar released a commentary titled “Global 2023 Outlook for Consumer Staples Companies: Steady Sailing Through Strong Headwinds.” Our neutral outlook for this sector reflects our view that the credit risk profiles of consumer staples companies are generally well positioned to navigate near-term economic turbulence stemming from high inflation, elevated interest rates, and eroding consumer purchasing power. While we acknowledge that these headwinds could pressure 2023 operating perform...
On December 05, 2022, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating of McCain Foods Limited at A (low), and the ratings on the Senior Unsecured Debentures and Commercial Paper of McCain Finance (Canada) Limited at A (low) and R-1 (low), respectively. All trends are Stable.
On June 11, 2021, DBRS Limited (DBRS Morningstar) changed the trend on McCain Foods Limited's (McCain or the Company) Issuer Rating to Stable from Negative and confirmed the rating at A (low). DBRS Morningstar also changed the trend on McCain Finance (Canada) Limited's Commercial Paper and Senior Unsecured Debentures ratings to Stable from Negative and confirmed the ratings at R-1 (low) and A (low), respectively.
On July 24, 2020, DBRS Limited (DBRS Morningstar) confirmed McCain Foods Limited's (McCain or the Company) Issuer Rating at A (low). DBRS Morningstar also confirmed McCain Finance (Canada) Limited's Commercial Paper and Senior Unsecured Debentures ratings at R-1 (low) and A (low), respectively. All trends are Negative.
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