BRF - Investment Grade Attributed by Moody's Moody's Investors Service assigns Baa3 rating for BRF - Brasil Foods, with stable Outlook
SAO PAULO, March 23, 2012 /PRNewswire/ -- The second classification of BRF as investment grade will permit greater visibility, opportunity and access to investors, confirming the strategic focus of a world-class company. According to the report released by Moody's the upgrade to investment grade reflects BRF good business profile, solid financial position and leadership both in relevant processed food categories and in global poultry. The company's value added portfolio and strong brands bring margin stability and makes the company more resilient to commodity price volatility. As a result, in contrast to the overall protein industry, the company was much less affected by the challenging competitive environment over the last year.
The agency also highlighted a well-developed and sophisticated logistics and distribution structure, that manages the supply chain from the vertically integrated farmers network to the delivery of its products to about 150 thousand customers per month across 98% of the large Brazilian territory. These factors contribute to an important competitive advantage for the company.
Sao Paulo, March 23, 2012.
Leopoldo Viriato Saboya
CFO and Investor Relations Officer
SOURCE BRF - Brasil Foods S.A.