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Article: Fitch Affirms Marfrig's IDR at 'B+'; Outlook Stable.
- Article from:
- Business Wire
- Article date:
- September 16, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Fitch Ratings has affirmed the following ratings of Marfrig Alimentos S.A. (Marfrig) and Marfrig Overseas Ltd, a special-purpose vehicle wholly-owned by Marfrig and incorporated in the Cayman Islands:
Marfrig Alimentos S.A
--Local currency Issuer Default Rating (IDR) at 'B+';
--Foreign currency IDR at 'B+';
--National scale rating at 'BBB+(bra)'.
Marfrig Overseas Ltd
--US$375 million senior unsecured notes due 2016 at 'B+/RR4'.