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Bunge Ltd. Outlook Revised To Stable On Improved Earnings Forecast; 'BBB-' Affirmed
Standard & Poors, April 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
We believe Bunge will sustain its improved earnings and credit measures. We are affirming Bunge's ratings, including its 'BBB-' corporate credit rating. We are revising the outlook to stable from negative, reflecting our opinion that the company's improved earnings outlook following last year's debt reduction will enable Bunge to sustain credit metrics that support the existing ratings. NEW YORK (Standard & Poor's) April 27, 2011--Standard & Poor's Ratings Services said today it affirmed all ratings on White Plains, N.Y.-based Bunge Ltd., including the 'BBB-' corporate credit rating. At the same time, we revised our outlook for Bunge to stable from negative. Bunge had reported debt of about $4.9 billion at Dec. 31, 2010. 'The outlook revision to stable from negative...
Companies mentioned in this report are: Bunge Ltd.,Bunge Limited Finance Corp.
Action: Affirmed
Action: Outlook: Stable
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