December 12, 2017 |
Fitch Ratings has upgraded Camposol to B from B-, reflecting its improved credit metrics, stronger liquidity position and longer debt maturity profile after it paid a bond due in early 2017.
The rating agency also said the upgrade reflected the Peruvian agro-industrial company’s increased operational scale, cash generative business profile due to a better mix of products and the expansion of avocado, blueberry and shrimp businesses.
Fitch said it expected Camposol's gross leverage to decline b
Peruvian agro-industrial company gets bumped to B from B- because of improved credit metrics