Peru-based fresh produce company Camposol is issuing $300 million senior unsecured notes to refinance existing debt, including its current senior secured notes due 2021, and to finance its growth strategy. We assigned our 'B+' issue-level rating on these notes. We're also affirming our 'B+' global scale corporate credit and issue-level ratings on the company. The stable outlook reflects our expectation that Camposol will maintain a solid operating and financial performance in the next 12 months, reflected in EBITDA margins close to 30%, a debt-to-EBITDA ratio around 3.0x, and EBITDA interest coverage above 5.0x, despite the additional debt from the proposed notes issuance. On Feb. 6, 2018, S&P Global Ratings assigned its 'B+' issue-level rating on Camposol S.A.'s proposed long-term senior
