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Moody’s Lifts Minerva Ahead of Bond Sale

Jan 15, 2013

Moody’s has upgraded Minerva to B1 from B2 ahead of the Brazilian meatpacker’s proposed $500m 2023 bond sale, it says. The upgrade reflects the improvement in the company’s capital structure following the equity issuance of BRL457m [$225m] in early December. “As a result of the equity offering,...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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