CHICAGO — Fitch Ratings on Nov. 3 affirmed the long-term issuer default rating and senior unsecured debt ratings for Camden, N.J.-based Campbell Soup Co. at "A" and the short-term issuer default rating and commercial paper at "F1." The company's outlook was affirmed as "stable." In issuing its ratings affirmation, Fitch cited Campbell's significant cash flow generation, modest leverage and the continuation of its balanced financial strategy. "The ratings incorporate Campbell's leading position in the high margin soup category and the strength of its branded product portfolio, which focuses on simple meals, baked snacks and healthy beverages," Fitch said. "The ratings also consider the mature and highly competitive nature of the soup category, which faced a very difficult year in fiscal 2010.