date:Aug 04, 2014
gencies to suddenly catapult its leverage from around 1x into the low 3s.
Both SP and Moody's put their BBB and Baa3 ratings on credit watch for downgrade. And Tyson, having suffered from the vagaries of an inherently unpredictable industry, has had to do more than keep one notch above junk.
They could have raised less equity and stayed investment-grade, but the company prefers a Triple B flat rating, said Taylor. They don't want to ride the cusp between investment-grade and non-investment-gra