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Campbell Soup Company -- Moody's confirms Campbell Soup at Baa2/Prime-2; outlook revised to negative

Moody's Investors Service, Inc. ("Moody's") today confirmed Campbell Soup Company's ("Campbell") senior unsecured debt rating at Baa2 and its commercial paper rating at Prime-2. The ratings outlook is negative. The review was prompted by an unexpectedly sharp decline in profitability in Campbell's fiscal third quarter and the sudden resignation of the company's Chief Executive Officer.