Moody's downgrades JM Smucker ahead of expected bond sale
March 10, 2015 at 16:24 PM EDT
NEW YORK, March 10 (IFR) - Moody's Investors Service downgraded US food manufacturer J. M. Smucker by two notches to Baa2 Tuesday on expectations the company's debt-financed acquisition of Big Heart Pet Brands will increase leverage.