S&P: Dean Foods unaffected

Standard & Poor's said the ratings and outlook on Dean Foods Co. (BB+/positive/--) would not be affected by the proposed tax-free, debt-free spin-off of its specialty foods group business to shareholders.

As part of the transaction, S&P said Dean Foods is adding its Mocha Mix non-dairy creamer, food service dressings and Second Nature egg substitute business into the specialty foods group from its other business segments.

S&P said it expects that Dean Foods' remaining operations will continue to generate credit measures appropriate for its current rating.

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