Moody's weighs in on Pilgrim"s Pride

|By:, SA News Editor

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