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S&P lifts Suedzucker notes
Standard & Poor's said it raised its long-term corporate rating on Suedzucker AG to BBB+ from BBB. The outlook is stable. At the same time, the agency said it affirmed the A-2 short-term rating.
The agency said it also raised its issue rating on Suedzucker's unsecured notes to BBB+ from BBB and its issue rating on Suedzucker's subordinated notes to BB+ from BB.
S&P said the upgrade reflects its view that Suedzucker will continue its strong performance in fiscal 2013 and 2014.
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