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Monday, November 23, 2009
Procter & Gamble Upgraded to 'Stable' by Moody's
FOXBusiness
Shares of Procter & Gamble (PG) rose in Monday's session after the company was upgraded by Moody's Investors Service.
Moody's revised its rating for P&G to stable from a previous rating of negative and affirmed the company's Aa3 senior unsecured rating.
The agency called P&G "one of the best consumer products companies in the world with top tier brands and strong and stable cash flows," according to a report by MarketWatch.
Shares of the company rose 93 cents or 1.50% in Monday's session, closing at $62.73 a share.
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