S&P: Bracol still on positive watch

Standard & Poor's said its B- ratings on Bracol Holding Ltda. remain on CreditWatch, where they were placed with positive implications on Sept. 17.

The agency added that the CreditWatch placement reflects the positive implications for Bracol's overall business profile of the announced plans of the company's main subsidiary, Bertin SA (not rated), to associate with JBS SA (B+/watch positive).

"We believe that the combination of Bertin and JBS will result in a stronger, more diversified meat-producing operation," said credit analyst Flavia Bedran.

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