BRF is Assigned Investment Grade by the Three Main Rating Agencies
April 04 2012 - 9:45PM
PR Newswire (US)
SAO PAULO, April 4, 2012 /PRNewswire/ -- BRF (NYSE:
BRFS) recorded one more success: an investment grade rating
from the world's three leading credit risk agencies. At a meeting
today, Standard & Poor´s has assigned a BBB- (stable outlook)
to the Company.
"This is a very significant achievement. We now have an
investment grade rating from all three major credit agencies
which will be instrumental in giving us greater opportunity,
visibility and facility in accessing investors - confirming
the Company's strategy to become a world class Company",
declared BRF 's CFO and Investor Relations Officer, Leopoldo Viriato Saboya. He said this
announcement is an important recognition of the company which has
always adopted a policy of practicing the highest corporate
governance standards.
According to the announcement made today by Standard &
Poor´s, the rating assigned to BRF reflects its position of leading
shares in the domestic branded food market and cost efficiencies.
The Company has maintained resilient profitability. In accordance
with the agency, BRF's liquidity is adequate and the Company
has adequate access to credit institutions and the capital
markets.
SOURCE Brasil Foods
Copyright 2012 PR Newswire
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