Fitch upgrades Camposol

Fitch upgrades Camposol

Corporate & Sovereign Strategy Economy & Policy Peru

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

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