Peruvian agro-industrial producer and exporter Camposol is planning to add on up to $75 million to its existing $125 million bonds to fund its expansion plan, mainly directed to blueberries, shrimps, and asparagus. We are affirming the 'B' corporate credit and debt ratings on the company and revising the outlook on the corporate credit rating to stable from negative. The stable outlook reflects our expectation that Camposol will maintain its current operating margins and credit metrics, while it boosts product diversification through its planned investments adding more stability to its earnings and cash flows. On April 15, 2014, Standard&Poor's Ratings Services affirmed its 'B' corporate credit and debt ratings on Camposol S.A. At the same time, we revised
