Moody's upgrades Marfrig

Moody's upgrades Marfrig

Credit Ratings Upgrade Moody's Investors Service Debt Fixed Income Brazil

Moody has upgraded Brazilian beef company Marfrig by one notch to Ba2 and maintained a positive outlook, thanks to strong earnings and lower financial costs. Marfrig is expected to preserve "adequate liquidity" to withstand price volatility in the beef business and also remain "financially disciplined" with possible acquisitions and shareholder dividends, Moody's said in a report on Wednesday. "The positive outlook reflects Moody’s belief that metrics will remain steady in the next 12 to 18 mont

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