Site Owners Forums - Webmaster Forums

Site Owners Forums - Webmaster Forums (http://siteownersforums.com/index.php)
-   Trading Post (http://siteownersforums.com/forumdisplay.php?f=20)
-   -   Moody's revises Kraft outlook to positive (http://siteownersforums.com/showthread.php?t=57386)

Elsha 05-31-2012 10:08 PM

Moody's revises Kraft outlook to positive
 
Moody's Investors Service on Thursday revised its ratings outlook on Kraft Foods KFT -0.36% to positive from developing. Kraft plans to separate its snacks and grocery units before yearend. Moody's said Kraft's snacks business, to be renamed Mondelez International, "will have a somewhat stronger credit profile than Kraft current does." Brands for Mondelez will include Cadbury, Oreo and Tang. Kraft shares were down 0.5% at $38.23 in midday trades. The stock is up 2% since Jan. 1. By comparison, the Dow Jones Industrial Average DJIA -0.21% is up 1.3%, while the S&P 500 SPX -0.23% is up 3.8%


All times are GMT -7. The time now is 05:37 AM.


Powered by vBulletin Copyright © 2020 vBulletin Solutions, Inc.