Fitch affirms Campbell's

Fitch Ratings said it has affirmed the issuer default rating and outstanding debt of Campbell Soup Co. as follows: long-term issuer default rating at A; senior unsecured debt at A; short-term issuer default rating at F1; and commercial paper at F1.

The outlook is stable.

Campbell's ratings and outlook are based on a continuation of the company's balanced financial strategy, the agency said, adding that the ratings incorporate Campbell's leading position in the high margin soup category and the strength of its branded product portfolio.

The ratings also consider the mature and highly competitive nature of the U.S. soup market, Fitch noted.

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