Moody's ups B&G Foods

Moody's Investors Service said it upgraded B&G Foods, Inc.'s corporate family rating to Ba3 from B1 and the rating on its senior secured revolver and term loans to Ba1 from Ba2.

The outlook is stable.

Moody's said the upgrades reflect B&G's consistent earnings growth, improving margins, the disciplined execution of its branded acquisition strategy and a balanced approach to managing its capital structure and liquidity profile.

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