Moody's Investors Service revised outlook on BRF - Brasil Foods to stable and affirmed at "Ba1" (LT- foreign currency) credit rating

March 20, 2017 - CBonds

 

Moody's Investors Service affirmed the "Ba1" LT- foreign currency credit rating of BRF - Brasil Foods on March 17, 2017. At the same time the rating agency revised outlook to stable from negative.
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Issuer: BRF - Brasil Foods
Issuer profile:
BRF is the world's tenth-largest food company and Brazil's second in revenue, after global giant JBS. Sadia and Perdigão are BRF's main brands / 12.13
Outstanding issues:
5 issuesUSD3,250,000,000
1 issuesEUR500,000,000
1 issuesBRL500,000,000
Issuer rating:
Moody's Investors ServiceBa1/StableLT- foreign currency03/17/2017
S&P Global RatingsBBB/NegativeForeign Currency LT03/09/2017
S&P Global RatingsBBB/NegativeLocal Currency LT03/09/2017
Fitch RatingsBBB/NegativeLT Int. Scale (foreign curr.)10/05/2016
Fitch RatingsBBB/StableLT Int. Scale (local curr.)10/05/2016