Marfrig Alimentos Outlook Revised To Negative, ?B+? Rtgs Affirmed On Limited Covenants Cushion And Weaker Credit Metrics - S&P Global Ratings’ Credit Research

Marfrig Alimentos Outlook Revised To Negative, ?B+? Rtgs Affirmed On Limited Covenants Cushion And Weaker Credit Metrics

Marfrig Alimentos Outlook Revised To Negative, ?B+? Rtgs Affirmed On Limited Covenants Cushion And Weaker Credit Metrics - S&P Global Ratings’ Credit Research
Marfrig Alimentos Outlook Revised To Negative, ?B+? Rtgs Affirmed On Limited Covenants Cushion And Weaker Credit Metrics
Published Oct 19, 2011
1045 words — Published Oct 19, 2011
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Marfrig Alimentos' cash flows for 2011 were lower than we expected and may fall short in 2012. Debt has increased not only to finance capital expenditures but to fund higher working capital needs and service increasing interest expenses. We are revising the outlook on the company to negative from stable and affirming our 'B+' rating. The negative outlook reflects the company's tight covenant cushion and some refinancing needs in the intermediate term, coupled with operating challenges to strengthen cash flows. SAO PAULO (Standard&Poor's) Oct. 19, 2011--Standard&Poor's Ratings Services revised the outlook on Brazil-based food producer Marfrig Alimentos S.A. to negative from stable. At the same time, we affirmed the 'B+' global-scale and 'brBBB+' Brazilian national-scale ratings

  
Brief Excerpt:

RESEARCH Marfrig Alimentos Outlook Revised To Negative, aÇÿB+aÇÖ Rtgs Affirmed On Limited Covenants Cushion And Weaker Credit Metrics Publication date: 19-Oct-2011 Primary Credit Analyst: Flavia Bedran, Sao Paulo (55) 11-3039-9758;...

  
Report Type:

Ratings Action

Ticker
MRFG3@BZ
Issuer
Marfrig Alimentos S.A.
GICS
Packaged Foods & Meats (30202030)
Sector
Global Issuers
Country
Brazil
Region
Latin America
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Marfrig Alimentos Outlook Revised To Negative, ?B+? Rtgs Affirmed On Limited Covenants Cushion And Weaker Credit Metrics" Oct 19, 2011. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Marfrig-Alimentos-Outlook-Revised-To-Negative-B-Rtgs-Affirmed-On-Limited-Covenants-Cushion-And-Weaker-Credit-Metrics-902222>
  
APA:
S&P Global Ratings’ Credit Research. (). Marfrig Alimentos Outlook Revised To Negative, ?B+? Rtgs Affirmed On Limited Covenants Cushion And Weaker Credit Metrics Oct 19, 2011. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Marfrig-Alimentos-Outlook-Revised-To-Negative-B-Rtgs-Affirmed-On-Limited-Covenants-Cushion-And-Weaker-Credit-Metrics-902222>
  
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