Research Update: Minerva S.A. Upgraded To Global Scale 'BB-' From 'B+' And To National Scale 'BrA-' From 'brBBB+' On Strong Liquidity - S&P Global Ratings’ Credit Research

Research Update: Minerva S.A. Upgraded To Global Scale 'BB-' From 'B+' And To National Scale 'BrA-' From 'brBBB+' On Strong Liquidity

Research Update: Minerva S.A. Upgraded To Global Scale 'BB-' From 'B+' And To National Scale 'BrA-' From 'brBBB+' On Strong Liquidity - S&P Global Ratings’ Credit Research
Research Update: Minerva S.A. Upgraded To Global Scale 'BB-' From 'B+' And To National Scale 'BrA-' From 'brBBB+' On Strong Liquidity
Published Apr 30, 2013
1920 words — Published Apr 30, 2013
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Brazil-based beef producer Minerva has improved its capital structure and liquidity, and has generated positive discretionary cash flow. We are raising our global scale ratings to 'BB-' from 'B+' and our national scale rating to 'brA-' from 'brBBB+'. The stable outlook reflects our expectation that Minerva will use additional cash on hand and free operating cash flow to gradually reduce its debt. On April 30, 2013, Standard&Poor's Ratings Services raised its global scale ratings on Minerva S.A. (Minerva) to 'BB-' from 'B+', and its national scale ratings to 'brA-' from 'brBBB+'. Is total outstanding rated debt is approximately $1.06 billion. The outlook is stable. The upgrade reflects our expectation that Minerva will maintain its strong liquidity and long-term

  
Brief Excerpt:

RESEARCH Research Update: Minerva S.A. Upgraded To Global Scale '##-' From 'B+' And To National Scale 'BrA-' From 'brBBB+' On Strong Liquidity Publication date: 30-Apr-2013 Primary Credit Analyst: Flavia M Bedran, Sao Paulo (55) 11-3039-9758;...

  
Report Type:

Research Update

Ticker
BEEF3@BZ
Issuer
Minerva S.A.
GICS
Packaged Foods & Meats (30202030)
Sector
Global Issuers, Structured Finance
Country
Brazil
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Minerva S.A. Upgraded To Global Scale 'BB-' From 'B+' And To National Scale 'BrA-' From 'brBBB+' On Strong Liquidity" Apr 30, 2013. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Minerva-S-A-Upgraded-To-Global-Scale-BB-From-B-And-To-National-Scale-BrA-From-brBBB-On-Strong-Liquidity-1124264>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Minerva S.A. Upgraded To Global Scale 'BB-' From 'B+' And To National Scale 'BrA-' From 'brBBB+' On Strong Liquidity Apr 30, 2013. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Minerva-S-A-Upgraded-To-Global-Scale-BB-From-B-And-To-National-Scale-BrA-From-brBBB-On-Strong-Liquidity-1124264>
  
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