S&P lowers Lamb Weston rating to ’BB’ with stable outlook amid elevated debt

Investing.com -- S&P Global Ratings has downgraded Lamb Weston Holdings Inc (NYSE:LW) to 'BB' from 'BB+', pushing the packaged potato giant deeper into high-yield territory amid lingering leverage and persistent profitability pressures. The rating agency cited ongoing restructuring costs, input cost inflation, and heavy promotional pricing as factors delaying meaningful earnings recovery.