S&P affirms MHP

S&P said it affirmed its B issuer credit rating on MHP SE. The outlook remains stable.

S&P also affirmed its B issue ratings on the company's senior unsecured debt. The issue ratings are in line with the issuer credit rating on MHP, reflecting limited structural subordination in the group's capital structure.

“The ratings affirmation follows MHP's recent announcement that it has signed an agreement to acquire a 90.69% equity stake in Slovenia-based poultry meat producer and exporter Perutnina Ptuj. We understand that MHP will fund the acquisition with a combination of on-balance-sheet cash and additional bank debt,” S&P said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.