|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Marfrig Alimentos And BRF Brasil Foods Ratings Unaffected By Proposed Exchange Of Assets Dec 11
Standard & Poors, Dec 2011
Abstract
SAO PAULO (Standard & Poor's) Dec. 8, 2011--Standard & Poor's Ratings Services said today that the announcement that BRF Brasil Foods S.A. (BRF; BB+/Positive/--) will exchange certain assets with Marfrig Alimentos S.A. (B+/Negative/--) won't immediately affect the ratings on either BRF or Marfrig. The assets BRF is disposing of are the ones the Brazilian antitrust authority, CADE - Conselho Administrativo de Defesa Econ-mica, has required as a condition of the company's merger with Sadia S.A. (BB+/Positive/--). These are some brands, distribution centers, and industrial plants that Marfrig will exchange for some assets that Argentina-based subsidiary Quickfood S.A. (not rated) currently owns--including the Paty brand and two pork-slaughtering plants in Brazil--and Brazilian reais 200 million in cash. We believe this exchange...
Companies mentioned in this report are: Marfrig Alimentos S.A.,Sadia S.A.,BRF Brasil Foods 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.
|
|
|
|
