NEW YORK Feb 14 Moody's Investors Service on
Thursday put H.J. Heinz Co's Baa2 long-term rating on
review for a possible downgrade on worries an announced sale to
Warren Buffett and Brazilian financier Jorge Paulo Lemann will
add debt to the company.
"The review for downgrade reflects the possibility that the
proposed transaction, which will be financed in part with new
debt, will result in significantly higher financial leverage at
Heinz," Moody's said in a statement.
Buffett and Lemann are teaming up to buy ketchup maker for
$23.2 billion, in what could be the first step of a wave of
mergers for the food and beverage industry.