Brazil-based protein processor Marfrig has announced the sale of Moy Park to JBS for $1.5 billion. We are affirming our 'B+' global scale corporate credit and debt ratings and 'brBBB' national scale corporate credit rating on Marfrig. The stable outlook reflects our view that Marfrig will maintain "adequate" liquidity and a long-term debt maturity profile, but its adjusted credit metrics will continue to be highly leveraged. On June 22, 2015, Standard&Poor's Ratings Services affirmed its 'B+' global scale corporate credit and issue-level ratings on Marfrig Global Foods S.A. We also affirmed our 'brBBB' national scale rating on the company. The outlook for all corporate ratings remains stable. The affirmation follows Marfrig's recent announcement of its sale of Moy
