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Tuesday, Jun 6, 2023

Dole Downgraded by Moody’s

Moody’s Investors Service downgraded fruit and vegetables producer Dole Food Co. citing disappointing operations, competition in Europe and weak debt protection measures. Despite concerns over the Westlake Village-based company’s cash flow volatility, Moody’s rates Dole’s outlook as stable. The credit rating service said it expects Dole to reduce debt in coming years and maintain debt protection measures.

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