Moody's: Independencia Alimentos unaffected

Moody's Investors Service said that Independencia Alimentos Ltda.'s upsizing of its senior unsecured notes due 2017 to $225 million from the previously announced $150 million will have no impact on the company's rating or outlook.

The notes, which are being issued through Independencia International Ltd., have been assigned B3 global local-currency and B3 foreign-currency senior unsecured ratings and a stable rating outlook.

The agency said the decision to take no action assumes that the additional $75 million will be used to repay upcoming debt maturities during 2007 and that the total debt-to-EBITDA ratio remains below 6x.

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