S&P Considers Marfrig Upgrade

S&P Considers Marfrig Upgrade


S&P has revised its outlook on Brazil-based meat processing company Marfrig Frigorificos e Comercio de Alimentos to negative from stable. It also affirmed a B+ corporate credit rating on Marfrig and its $375m notes due 2016. Pro forma fiscal 2007, the agency expects Marfrig to report about $800m of total debt. "The rating action reflects Marfrig's lower-than-expected cash flow generation, leading to weak credit metrics for the rating category, associated with the company's aggressive growth stra

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial