The Associated Press
NEW YORK — Standard & Poor's Ratings Services has raised its rating on Tyson Foods Inc., saying Tyson's credit is improving as poultry prices rise and the company repays more debt.
The firm raised its rating on Tyson shares to 'BBB' from 'BBB-'. The new rating, which is two notches above "junk" status, applies to about $2.4 billion in debt held by the Springdale, Ark., company. Analyst Chris Johnson expects results from the company's beef business to remain weak, but said better poultry prices and debt repayment will help keep the company. . .
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