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S&P may cut Pilgrim's Pride, Dean and Tyson
Standard & Poor's it placed the BB- corporate credit ratings on Dean Foods Co. and Pilgrim's Pride Corp., and the BBB- corporate credit rating on Tyson Foods Inc. on CreditWatch with negative implications.
S&P said the watch reflects concerns that these companies could be faced with even higher commodity costs than expected because heavy rains and flooding in the Midwest damaged crops, especially the corn crop.
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