Hershey Company (The) -- Moody's says Golden Monkey buy a plus for A1 rated Hershey though not without risks.

New York, December 19, 2013 -- Moody's Investors Service said today that the Hershey Company's announcement that it will buy a majority stake in Shanghai Golden Monkey Food Joint Stock Company, Ltd. for approximately $500 million plus assumption of $85 million of debt, will not affect its A1 rating or stable outlook and is a long term positive for Hershey. The transaction will occur in two steps with the first 80% to be acquired in early 2014 for about $400 million (plus the $85 million debt assumed) with the remaining 20% to be acquired for approximately $100 million one year later.

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