TreeHouse Foods, Inc. (NYSE: THS) is voluntarily recalling one lot of Restaurant Style Italian Dressing sold under the brand name Tuscan Garden.
Rating Action: Moody's affirms TreeHouse Foods' B1 CFR; changes outlook to stableGlobal Credit Research - 16 Aug 2022New York, August 16, 2022 -- Moody's Investors Service ("Moody's") affirmed the ratings of TreeHouse Foods, Inc. ("TreeHouse"), including the B1 Corporate Family Rating (CFR), the B1-PD Probability of Default Rating ("PDR"), the B3 rating on company's senior unsecured notes, and the Ba3 rating on the company's senior secured bank facilities. The Speculative Grade Liquidity Rating was upgraded from SGL-3 to SGL-2.
TreeHouse Foods (THS) pens a deal to divest a considerable portion of its Meal Preparation business to increase its focus on the Snacking & Beverage unit. The deal is expected to close in the fourth quarter.