- Language: English
- Published: October 2012
- Region: Venezuela
Pilgrim's Pride Corp. Outlook Revised To Negative On Higher Costs And Weaker Pricing; 'BB-' Rating Affirmed
- Published: May 2011
- Standard & Poors
We believe higher feed costs and weaker-than-expected domestic poultry pricing will continue to hurt U.S. poultry producer Pilgrim's Pride Corp.'s fiscal 2011 operating performance. We are affirming all ratings, including the company's 'BB-' corporate credit rating, and are revising the outlook to negative from stable. The negative outlook reflects our concerns that weak operating performance will result in further credit measures deterioration in the coming quarters, possibly resulting in tight financial covenant cushion by fiscal year end, despite a currently adequate liquidity position. NEW YORK (Standard & Poor's) May 13, 2011--Standard & Poor's Ratings Services said today it affirmed all ratings on Greely, Colo.-based Pilgrim's Pride Corp, including our 'BB-' corporate credit rating on the company. The outlook is negative....
Companies mentioned in this report are: Pilgrim's Pride Corp.,JBS S.A.
Action: Outlook: Negative
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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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Pilgrim's Pride Corp.,JBS S.A.