Buffett’s Ketchup Fancy Plies Heinz With Junk

Buffett’s Ketchup Fancy Plies Heinz With Junk

Kevin Lorenzi/Bloomberg

Heinz’s leverage may increase to five times or more after the takeover is completed from 2.5 times on Oct. 28, according to a Feb. 15 Fitch report in which the rating firm cut Heinz’s credit grade to BB+.