March 03, 2025 12:08 GMT
CONSUMER STAPLES: Ahold Delhaize; Guidance (x2)
CONSUMER STAPLES
(ADNA; Baa1/BBB+; S)
Please also keep in mind leaks that $25-30b in Mars supply (funding for Kellanova/K acquisition) may come this week (currency uncertain).
The current Kellanova curve - that is facing a likely +3 notch upgrade - are marked below.

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