Fitch ups Minerva rating

Fitch Ratings said it affirmed Minerva SA's long-term foreign and local currency issuer default ratings at BB-.

Fitch upgraded Minerva's national scale rating to A+(bra) from A(bra) due to the group's strong liquidity, good operational performance and expected gradual deleveraging.

The outlook remains stable.

“Minerva's ratings reflect the company's solid profitability, strong position in the export market and healthy liquidity position,” the agency said in a news release.

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