Dean Foods Company -- Moody's Says Dean Foods' Reduction in Interest Expense Partially Mitigates Credit Negative Shift to More Shareholder Friendly Financial Policies

New York, November 14, 2013 -- Moody's Investors Service ("Moody's) said today that Dean Foods' ("Dean") announcement this week that it will tender for up to $400 million in unsecured notes is partially offset by the adoption of more shareholder friendly financial policies in the form of instituting a regular dividend and a 38% increase in its share repurchase program. Though the shareholder distributions reflect a slightly more aggressive financial policy, we don't expect them to weaken credit metrics beyond our expectations for the rating. Accordingly, Dean's B1 Corporate Family Rating (CFR) and stable rating outlook are unchanged. For further information, please see the issuer comment posted to www.moodys.com.

Vollständigen Artikel bei Moodys lesen