- Language: English
- Published: October 2012
- Region: Venezuela
Summary: Bunge Ltd. Jan 12
- Published: January 2012
- Standard & Poors
Standard & Poor's Ratings Services' ratings on Bunge Ltd. reflect our opinion that the company has a "satisfactory" business risk profile and "intermediate" financial risk profile (as our criteria define the terms). Our opinion of Bunge's business risk profile reflects our belief that Bunge will maintain its global leadership position in agribusiness, with strong market positions in key worldwide markets, particularly in soybean crushing and distribution. Bunge benefits from its broad geographical diversification, vertically integrated agribusiness operations, and its relatively recent diversification into sugar and biofuel production. Still, the company has a history of volatile earnings and inconsistent cash flow generation, and we believe its core agribusiness will remain low-margin (margins averaged only 3.2% over the last three years). Although...
Companies mentioned in this report are: Bunge Ltd.
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