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. On June 16, 2010, Standard&Poor's Ratings Services 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 the acquisition of U.S.-based food producer Keystone Foods Inc. on
