New York, July 22, 2015 -- Moody's Investors Service today upgraded the Corporate Family Rating (CFR) of Dole Food Company, Inc. (Dole) to B2 from B3. Moody's also upgraded the Probability of Default Rating to B2-PD from B3-PD, the senior secured term loan rating to B1 (LGD 3) from B2 (LGD 3), and the senior secured note rating to B3 (LGD 5) from Caa1 (LGD 5). The Speculative Grade Liquidity Rating was affirmed at SGL-3. The outlook is stable.
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