S&P rates Rodopa notes B-

Standard & Poor's said it assigned a B- rating to Rodopa Industria e Comercio de Alimentos Ltda.'s planned $100 million senior unsecured notes due 2017.

The agency said it expects the company to use most of the notes to improve its capital structure, refinance more expensive short-term maturities and fund part of its expansion capital expenditures.

Rodopa plans to double its slaughtering capacity within five years, S&P said, and the notes issuance will help to finance the related working-capital requirements and capital expenditures to accomplish the expansion.

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