Moody’s changes Dairy Farmers view to stable

Moody’s Investors Service said it revised the outlook for Dairy Farmers of America Inc. to stable from negative.

“This change follows the closing of DFA's purchase of 44 facilities from Dean Foods Co.(Dean) for $433 million financed by a new $450 million delayed draw term loan (not rated by Moody's). Three of these facilities will be held separate and divested at a later date as agreed upon with the Department of Justice,” the agency said in a press release.

Moody’s affirmed all its ratings for Dairy Farmers of America.

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