Fitch assigns Marfrig notes AA+(bra)

Fitch Ratings said it assigned an AA+(bra) national rating to Marfrig Global Foods SA’s new issuance of unsecured and non-convertible debentures. The transaction will amount to up to R$500 million and will be conducted in two series.

The first tranche will mature in four years, amortized in year three and four, and the second tranche in five years, amortized in year four and five.

“Marfrig's national scale AA+(bra)/positive rating reflects the company's low leverage and resilient business model,” the agency said in a press release.

Marfrig will use the proceeds for working capital and general corporate purposes.

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