Sysco to Webcast Third Quarter Fiscal 2014 Earnings Conference Call

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Go back to Sysco to Webcast Third Quarter Fiscal 2014 Earnings Conference Call

S&P Keeps Sysco Corp. (SYY) on CreditWatch Negative; Proposed Merger Still Under Regulatory Review

April 22, 2014 11:51 AM EDT

Standard & Poor's Ratings Services said that all of its ratings on Houston-based Sysco Corp., (NYSE: SYY) including our 'A' corporate credit and 'A-1' short-term rating, remain on CreditWatch, where we placed them with negative implications on Dec. 9, 2013. Total debt outstanding as of Dec. 28, 2013, was approximately $3.2 billion.

Our ratings on Rosemont, Ill.-based US Foods Inc., including our 'B' corporate credit rating, remain on CreditWatch with positive implications.

Our ratings on Sysco remain on... More