S&P puts BRF, Marfrig Global Foods on CreditWatch positive

S&P put all of BRF SA’s and Marfrig Global Foods SA’s issuer and issue-level ratings on CreditWatch with positive implications.

The action means that the ratings agency could raise or affirm its ratings after completion of its review of the both companies' credit profiles, S&P said in a news release.

The companies announced Thursday that they have started discussions for a potential merger of their operations.

Pending the merger, an upgrade would likely be limited to one notch, S&P said in a news release.

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