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Published on 4/17/2008 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P lifts Dole Food

Standard & Poor's said it upgraded Dole Food Co. Inc.'s unsecured debt to B-, same as the corporate credit rating, from CCC+ and assigned a recovery rating of 4, indicating 30% to 50% recovery.

The rating on Dole's secured loans is affirmed at B+ with a recovery rating unchanged at 1, indicating 90% to 100% recovery.


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