New York, December 18, 2014 -- Moody's Investors Service (Moody's) today affirmed Dean Food Company's B1 Corporate Family Rating and B2 (LGD 5) senior unsecured rating and lowered its Senior Secured Bank Credit Facility rating to Ba3 (LGD 3) from Ba2 (LGD 2) and Dean Holding Company's senior unsecured debt rating to B3 (LGD 6) from B2 (LGD 5). The rating outlook is stable.

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