Moody's lifts Bolthouse view to stable

Moody's Investors Service said it changed the outlook on Wm. Bolthouse Farms, Inc. to stable from negative.

The company's B2 corporate family rating and other ratings remain unchanged.

The outlook change reflects Bolthouse's improved operating performance that led to growth in EBITDA, notable improvements in the cushion under its financial covenants and modest debt reduction, Moody's said.

The company may face volatility in operating performance, which may re-appear as a result of vulnerability to weather conditions, the agency said.

The company benefits from recent productivity improvements and continued cost control, Moody's said.

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