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BRF Assigned Investment Grade By Rating Agencies

by 5m Editor
5 April 2012, at 9:00am

BRAZIL - BRF recorded one more success: an investment grade rating from the world’s three leading credit risk agencies. At a meeting yesterday, 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 strategic to become a world class Company," declares BRF‘s CFO and Investor Relations Officer, Leopoldo Viriato Saboya. He says 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 yesterday 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 that the Company has adequate access to the credit institutions and the capital markets.