09.09.2014 22:52:00

General Mills, Inc. -- Moody's: General Mills' pricey Annie's acquisition is credit negative; ratings unaffected

New York, September 09, 2014 -- Moody's Investors Service, Inc. ("Moody's") said today that General Mills, Inc.'s proposed $820 million acquisition of Annie's Inc. ("Annie's") is slightly credit negative because of resulting higher leverage. However, in a comment authored by Brian Weddington, a Senior Credit Officer, Moody's stated that General Mills should be able to restore credit metrics fast enough to maintain its A3 rating and stable outlook.

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