Moody’s has also affirmed the “A1” long-term and underlying ratings on Sanford’s rated parity debt and the “A1/VMIG 1” ratings on variable rate demand bonds.
The revenue bond rating is based on a number of factors, including Sanford’s growing regional presence and its improved operating performance in fiscal year 2014 and FY 2015.
The outlook is stable, reflecting Sanford’s stable operating performance and successful business model.
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