Moody’s changes Dairy Farmers view

Moody's Ratings said it affirmed all ratings for Dairy Farmers of America, Inc., consiting of the Baa2 senior unsecured notes rating, Ba1 preferred stock rating, and Prime-2 commercial paper rating, and changed the company's rating outlook to positive from stable.

“The change in outlook to positive reflects DFA's sustained improvement in operating performance since it acquired the assets of Dean Foods Co. in 2020 for $433 million, the operating benefits from the company's investments including acquisitions to increase efficiency and earnings diversity, debt repayment, and the continued health of the cooperative system,” the agency said in a news release.

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