Fitch Upgrades Tyson Debt Ratings

Fitch Ratings has upgraded the debt ratings of poultry giant TSN, citing the Arkansas-based company's recent efforts to reduce its debt load. Fitch boosted Tyson's long-term issuer default rating to "BB+" from "BB." The ratings agency has a positive outlook on Tyson. The ratings cover $2.7 billion in debt. Earlier this week, the company posted an 89 percent jump in fiscal third-quarter net income, helped by higher beef and pork prices and a chicken business that's recovering, according to the Associated Press.