S&P lifts Camil Alimentos

Standard & Poor's said it raised its Brazilian national ratings on Camil Alimentos SA to brA+ from brA.

The outlook is positive.

S&P also said it affirmed the BB- global scale rating and revised the outlook on this rating to positive from stable.

The upgrade and outlook revision reflect the improvement in the company's business profile with the acquisition of Docelar, which will create a more diverse and stronger branded portfolio, the agency said.

S&P said it could upgrade the company further if it maintains leverage under control, such as a total debt-to-EBITDA ratio lower than 3.5x and an adequate liquidity.

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