Moody's: Sigma Alimentos view negative

Moody's Investors Service said it changed Sigma Alimentos, SA de CV's rating outlook to negative from stable.

At the same time, Moody's affirmed Sigma's Baa3 senior unsecured rating.

"The negative outlook was prompted by Sigma's announcement that it intends to acquire CampofrÌo Food Group, SA for €675 million ($904 million) with the proceeds of a term loan which would almost double Sigma's leverage and expand presence into the weaker European market." Moody's assistant vice president Alonso Sanchez said in a news release.

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