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Bulletin: BRF Brasil Foods S.A. Ratings Not Immediately Affected By PROCADE's Suggested Restrictions On Merger With Sadia S.A.
Standard & Poors, May 2011
Abstract
SAO PAULO (Standard & Poor's) May 10, 2011--Standard & Poor's Ratings Services said today that its ratings on BRF Brasil Foods S.A. (BB+/Positive/--) are not immediately affected by the public announcement by PROCADE (the legal department of the Brazilian antitrust authority, CADE-Conselho Administrativo de Defesa Econ-mica) suggesting several restrictions on the merger of BRF and Sadia S.A. (BB+/Positive/--). We understand that CADE will review the opinion and other documents, and we will be able to analyze the impact on our ratings on BRF only when we know the final ruling on this. Our current positive outlook on BRF doesn't depend on the company's capturing of all potential synergies in the full integration of BRF and Sadia. However, a decision from...
Companies mentioned in this report are: BRF Brasil Foods S.A.,Sadia S.A.
Action: Bulletin
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.
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