On Jan. 18, 2012, Standard&Poor's Ratings Service assigned its 'B' corporate credit rating to Perú-based integrated agribusiness company Camposol S.A. At the same time, we assigned our 'B' senior unsecured rating to the company's proposed five-year Rule 144A Reg. S notes for up to $125 million. The outlook is stable. Our ratings on Camposol reflect our assessment of the company's "vulnerable" business risk profile and "aggressive" financial risk profile (as our criteria define the terms). Such assessment is based on the company's participation in the competitive, commodity-oriented, and seasonal fresh produce industry that typically results in volatile profitability and cash flows. The ratings also incorporate the company's exposure to political and economic risks. Such factors are partially offset
