New York, November 18, 2015 -- Moody's today affirmed the ratings of ConAgra Foods, Inc. ("ConAgra") following the announcement of its plan to separate into two independent publicly-traded businesses through a tax-free spin-off to shareholders of its Lamb Weston frozen potato business. The ratings affirmation include the Baa2 senior unsecured rating and Prime-2 commercial paper rating. The outlook remains developing.

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