BRF is Assigned Investment Grade by the Three Main Rating Agencies
At a meeting today, Standard & Poor´s assigned a BBB- rating to the Company
SAO PAULO, April 4, 2012 /PRNewswire/ -- BRF (NYSE: BRFS) recorded one more success: an investment grade rating from the world's three leading credit risk agencies. At a meeting today, Standard & Poor´s has assigned a BBB- (stable outlook) to the Company.
"This is a very significant achievement. We now have an investment grade rating from all three major credit agencies which will be instrumental in giving us greater opportunity, visibility and facility in accessing investors - confirming the Company's strategy to become a world class Company", declared BRF 's CFO and Investor Relations Officer, Leopoldo Viriato Saboya. He said this announcement is an important recognition of the company which has always adopted a policy of practicing the highest corporate governance standards.
According to the announcement made today by Standard & Poor´s, the rating assigned to BRF reflects its position of leading shares in the domestic branded food market and cost efficiencies. The Company has maintained resilient profitability. In accordance with the agency, BRF's liquidity is adequate and the Company has adequate access to credit institutions and the capital markets.
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