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Smithfield Foods, Inc.: Planned IPO to raise funds for investment is ...

Smithfield is raising cash from its IPO to help fund investment, while its planned dividend will increase fixed charges.

Smithfield Foods, Inc.: Update to credit analysis following European s...

Our credit view of this issuer reflects its good liquidity with a recent focus on debt reduction, against its high exposure to commodity protein and commodity input price volatility.

Moody's Ratings affirms Smithfield Foods' Ba1 CFR; outlook stable

Moody's Ratings (Moody's) affirmed Smithfield Foods, Inc.'s ("Smithfield") Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating (PDR), and the Ba1 rating on the company's senior unsecured notes. The outlook is stable. We affirmed the existing ratings with a stable outlook follow...

Smithfield Foods, Inc.: WH Group plans to take Smithfield public in th...

Important details that could affect Smithfield Foods' credit position have not yet been disclosed.

Smithfield Foods, Inc.: Update to credit analysis

Our credit view of Smithfield reflects its good liquidity with a recent focus on debt reduction, against its high exposure to commodity protein and commodity input price volatility.

Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of Smithfield Foods, Inc. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 3 June 2024 in which Moody's reassessed the appropriateness of the ratings in the co...

Smithfield Foods, Inc.: Update to credit analysis following affirmatio...

Our credit view of this issuer reflects its good liquidity with a recent focus on debt reduction, against its high exposure to commodity protein and commodity input price volatility.

Moody's affirms Smithfield Food's Ba1 CFR; outlook revised to stable

Moody's Investors Service (Moody's) affirmed Smithfield Foods, Inc.'s ("Smithfield") Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating (PDR), and the Ba1 rating on the company's senior unsecured global notes. Moody's revised the outlook to stable from positive. The outlook ch...

Smithfield Foods, Inc.: Update to credit analysis following affirmatio...

Our credit view of Smithfield Foods reflects its status as a global market leader in pork processing and hog production, against its high business concentration in pork products.

Moody's affirms Smithfield Food's Ba1 CFR; outlook revised to positive

Moody's Investors Service ("Moody's") today affirmed the ratings of Smithfield Foods, Inc. ("Smithfield"), including the Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating (PDR), and the Ba1 (LGD4) rating on the company's senior unsecured global notes. Moody's revised the outloo...

Moody's announces completion of a periodic review of ratings of Smithf...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Smithfield Foods, Inc.. Global Credit Research- 10 Sep 2021. New York, September 10, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Smithfield Foods, Inc. and other ratings that are associated with the same analytical unit.

Moody's assigns Ba1 to Smithfield's new senior unsecured notes; outloo...

Rating Action: Moody's assigns Ba1 to Smithfield's new senior unsecured notes; outlook is stable. Global Credit Research- 08 Sep 2021. New York, September 08, 2021-- Moody's Investors Service today assigned a Ba1 rating to Smithfield Foods, Inc's new senior unsecured notes.

Smithfield Foods, Inc.: Update to credit analysis

Our credit view of Smithfield reflects its status as a global market leader in pork processing and hog production, offset by its high exposure to commodity price volatility.

Smithfield Foods, Inc.: Covenant Quality Post-Sale Snapshot: $500m 3.0...

Smithfield Foods, Inc.'s covenant package is HY lite covenant, which we define as lacking either or both a debt incurrence or a RP covenant – in the Issuer’s case, both are absent.

Moody's announces completion of a periodic review of ratings of Smithf...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Smithfield Foods, Inc.. Global Credit Research- 14 Oct 2020. New York, October 14, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Smithfield Foods, Inc. and other ratings that are associated with the same analytical unit.

Moody's assigns Ba1 to Smithfield proposed $400 million senior unsecur...

Rating Action: Moody's assigns Ba1 to Smithfield proposed $400 million senior unsecured notes. Global Credit Research- 10 Sep 2020. New York, September 10, 2020-- Moody's Investors Service today assigned a Ba1 rating to $400 million of senior unsecured notes being offered today by Smithfield Foods, Inc..

Smithfield Foods, Inc.: Update to credit analysis

Smithfield's credit profile reflects its large scale and global leadership in hog production, fresh pork, and value-added packaged pork products.

Moody's announces completion of a periodic review of ratings of Smithf...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Smithfield Foods, Inc.. Global Credit Research- 21 Nov 2019. New York, November 21, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Smithfield Foods, Inc. and other ratings that are associated with the same analytical unit.

Smithfield Foods, Inc.: Update to credit analysis

Smithfield's credit profile reflects its large scale and global leadership in hog production, fresh pork, and value-added packaged pork products.

Smithfield Foods, Inc.: Covenant Quality Post-Sale Snapshot: $400m 5.2...

Smithfield Foods, Inc.'s covenant package is HY lite covenant, which we define as lacking either or both a debt incurrence or a RP covenant – in the Issuer’s case, both are absent.

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