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Moody's weighs in on Pilgrim"s Pride

  • Moody's affirms its rating on Pilgrim's Pride (PPC +1.6%) after the company was outbid for Hillshire Brands.
  • The rating agency had the company under review with the $7.7B price tag on Pilgrim"s Pride raising some questions.
  • The outlook on Pilgrim's Pride from Moody's is reduced to Stable to Positive due to the risk
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