Fitch ups Dean Foods senior notes

Fitch Ratings said it assigned a BBB- rating to Dean Foods Co.'s new senior secured credit facility and upgraded its senior unsecured notes rating to BB from BB-.

Simultaneously, Fitch withdrew its BB+ rating from Dean's previous senior secured facility which included a revolver and a term A, B, and C loan maturing in 2007.

The outlook is positive.

Fitch said the ratings upgrade and outlook consider the improvement in Dean's credit profile over the past several years, the company's leading and growing market share in the fluid and soy milk industry, and its proven management team.

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