Form 10-Q DEAN FOODS CO For: Jun 30
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Fitch Revises Outlook on Dean Foods (DF) to Negative
August 12, 2014 2:30 PM EDTFitch Ratings has affirmed the following ratings of Dean Foods (NYSE: DF) and Dean Holding Co.:
Dean Foods Company (Parent)
--Long-term Issuer Default Rating (IDR) at 'BB-';
--Secured bank credit facility at 'BB+';
--Senior unsecured notes at 'BB-'.
Dean Holding Company (Operating Subsidiary)
--Long-term IDR at 'BB-';
--Senior unsecured notes at 'BB-'.
The Rating Outlook is revised to Negative from Stable.
KEY RATING DRIVERS:
Negative Outlook Reflects High Near Term Leverage and Negative FCF: The Negative Outlook reflects Dean's recently... More
