Marfrig Alimentos S.A. 'B+' Corporate Credit Rating On CreditWatch Negative, On Plan To Acquire Keystone Foods - S&P Global Ratings’ Credit Research

Marfrig Alimentos S.A. 'B+' Corporate Credit Rating On CreditWatch Negative, On Plan To Acquire Keystone Foods

Marfrig Alimentos S.A. 'B+' Corporate Credit Rating On CreditWatch Negative, On Plan To Acquire Keystone Foods - S&P Global Ratings’ Credit Research
Marfrig Alimentos S.A. 'B+' Corporate Credit Rating On CreditWatch Negative, On Plan To Acquire Keystone Foods
Published Jun 16, 2010
1027 words — Published Jun 16, 2010
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About This Report

  
Abstract:

Brazilian food producer Marfrig announced the acquisition of 100% of U.S.-based food producer Keystone Foods for $1.26 billion. We are placing the 'B+' foreign currency corporate credit rating on Marfrig on CreditWatch with negative implications. We will analyze the implications of the acquisition's financing strategy on Marfrig's financial profile and any positive effects on its business profile. SAO PAULO (Standard&Poor's) June 16, 2010--Standard&Poor's Ratings Services said today that it placed its 'B+' foreign currency corporate credit rating on Marfrig Alimentos S.A. on CreditWatch with negative implications. The ratings could either be affirmed or lowered by one notch at the completion of our review. "The CreditWatch placement reflects uncertainties about the overall effects of an acquisition on

  
Brief Excerpt:

RESEARCH Marfrig Alimentos S.A. 'B+' Corporate Credit Rating On CreditWatch Negative, On Plan To Acquire Keystone Foods Publication date: 16-Jun-2010 Primary Credit Analyst: Flavia Bedran, Sao Paulo (55) 11-3039-9758; flavia_bedran@standardandpoors.com...

  
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
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Marfrig Alimentos S.A. 'B+' Corporate Credit Rating On CreditWatch Negative, On Plan To Acquire Keystone Foods" Jun 16, 2010. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Marfrig-Alimentos-S-A-B-Corporate-Credit-Rating-On-CreditWatch-Negative-On-Plan-To-Acquire-Keystone-Foods-804565>
  
APA:
S&P Global Ratings’ Credit Research. (). Marfrig Alimentos S.A. 'B+' Corporate Credit Rating On CreditWatch Negative, On Plan To Acquire Keystone Foods Jun 16, 2010. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Marfrig-Alimentos-S-A-B-Corporate-Credit-Rating-On-CreditWatch-Negative-On-Plan-To-Acquire-Keystone-Foods-804565>
  
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