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Moody’s could cut BRF
Moody's Investors Service said it placed BRF SA' Baa2 senior unsecured rating and all related ratings on review for downgrade.
The action follows Moody's Dec. 9 action that placed Brazil's Baa3 issuer and bond ratings on review for downgrade.
The review process will focus on the result of Brazil's government bond rating review and on BRF's credit metrics, particularly profitability, leverage and interest coverage, as well as the company's liquidity and links with Brazil's macroeconomic environment.
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