Marfrig Up, JBS Down: S&P

Marfrig Up, JBS Down: S&P

Brazil Bonds

S&P has put JBS on review for downgrade and Marfrig on review for upgrade, following the former’s purchase of the Seara poultry and pork business from the latter for BRL5.85bn ($2.73bn) in assumed debt. Though the acquisition gives JBS scale in a goo

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