S&P Sees Marfrig Stable

S&P Sees Marfrig Stable

M&A

S&P has improved Marfrig’s outlook to stable from negative and affirmed its B+ rating. The change reflects S&P’s expectation that Marfrig's equity-financed acquisition of Seara Alimentos will provide the company with economies of scale in poultry and operating synergies in logistics and distribution services for its beef operations. Moreover, the agency says it has a positive view of Marfrig's acquisition of a leather processing plant in Uruguay and increased cattle slaughtering and proc

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