Fitch gives Ralcorp, notes, loan BBB-

Fitch Ratings said it assigned to Ralcorp Holdings, Inc. a long-term issuer default rating of BBB-, senior unsecured notes of BBB-, bank credit facility of BBB- and short-term issuer default rating of F3.

The outlook is stable.

The outlook incorporates the higher leverage anticipated from the company's definitive agreement to acquire all of American Italian Pasta Co.'s common stock at $53 per share in a $1.2 billion transaction, net of cash, Fitch said.

The ratings recognize the company's leading market share positions and scale in certain private label categories, the agency said, and its diversified portfolio across food categories.

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