Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for BRF SA > News item |
Fitch rates BRF notes BBB-
Fitch Ratings said it assigned a BBB-(exp) rating to the proposed benchmark-size senior notes to be issued by BRF SA, which has BBB- foreign- and local-currency issuer default ratings, an AA+(bra) national scale rating and notes due 2018, 2022, 2023, 2024 rated BBB-.
The proceeds will support investments in sustainable projects of the company.
The agency said the rating is driven by the company’s strong business profile as one of Brazil's largest food companies and the largest poultry exporter worldwide, strong cash generation, improving profitability, bolt-on acquisitions and strong credit metrics.
Fitch expects BRF's net leverage to remain near 0.5x in 2015 depending on dividends and share buybacks.
© 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.