During the first nine months of 2017, Camposol's solid revenue growth and improving operating performance have resulted in better-than-expected financial metrics, a trend that we expect will continue throughout 2018. We're raising our long-term corporate credit and issue-level ratings on the Peru-based fresh produce company to 'B+' from 'B'. The stable outlook reflects our expectation that Camposol will maintain a solid operating and financial performance in the next 12 months, reflected in a debt-to-EBITDA ratio below 3.0x and EBITDA interest coverage above 5.0x. Moreover, if the planned IPO successfully occurs, the additional benefits stemming from the investments funded through these proceeds could further enhance the company's top-line growth and credit metrics in a period beyond the next 12 months. On
