SAO PAULO (Standard&Poor's) April 26, 2011--Standard&Poor's Ratings Services said today that it assigned its 'B+' rating to the senior unsecured, unsubordinated bonds to be issued by Marfrig Holdings Europe B.V. in the amount of $500 million maturing in 2018 (seven-year tenor). The rating on the issue reflects the credit quality of Brazil-based Marfrig Alimentos S.A. (Marfrig; B+/Stable), which will irrevocably and unconditionally guarantee the bonds. We expect the debt issuance to help Marfrig improve its financial profile, reducing short-term refinancing risks and extending its debt maturity schedule. We believe the company will use part of the proceeds to pay down short-term and more expensive debt. We assess Marfrig's business risk profile as fair, which reflects the
