date:Mar 13, 2013
ate $17 billion and total debt with equity credit-to-operating EBITDA will exceed 7.0x, up from roughly $5 billion and 2.4x, respectively for the LTM period ended Jan. 27, 2013.
Nonetheless, Fitch anticipates that total debt with equity credit-to-operating EBITDA can decline to below 6.0x within two years of the buyout based on significant anticipated operating earnings growth and modest debt reduction. The ratings also incorporate Heinz's product and geographic diversification and leading mark