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Dean Foods Company -- Moody's downgrades Dean Foods' CFR to B3; ratings on review for further downgrade

Moody's Investors Service ("Moody's") today downgraded Dean Foods Company's Corporate Family Rating (CFR) to B3 from B2 and its Probability of Default Rating to B3-PD from B2-PD. Moody's also downgraded the company's senior unsecured notes to Caa1 from B3.