Moody’s lifts Quickfood notes

Moody’s Investors Service said it upgraded Quickfood SA's guaranteed senior unsecured notes' ratings to B1/Aa3.ar from B2/A2.ar following the upgrade of the guarantor's ratings, Marfrig Global Foods SA (B1 stable), to B1 with stable outlook.

At the same time, Moody's affirmed Quickfood's corporate family rating at B3/Baa2.ar.

The outlook is stable.

Marfrig fully and unconditionally guarantees the instruments, which would cause an acceleration of most of the parent's debt in the event of a default, the agency noted.

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