This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

BRF Is Assigned Investment Grade By The Three Main Rating Agencies

SAO PAULO, April 4, 2012 /PRNewswire/ -- BRF (NYSE: BRFS) recorded one more success: an investment grade rating from the world's three leading credit risk agencies. At a meeting today, Standard & Poor´s has assigned a BBB- (stable outlook)  to the  Company.

"This is a very significant achievement. We now have an investment grade rating from  all three major credit agencies which will be instrumental in giving us greater opportunity, visibility and facility in accessing investors - confirming the Company's  strategy to become a world class Company", declared BRF 's CFO and Investor Relations Officer, Leopoldo Viriato Saboya.  He said this announcement is an important recognition of the company which has always adopted a policy of practicing the highest corporate governance standards.

According to the announcement made today by Standard & Poor´s, the rating assigned to BRF reflects its position of leading shares in the domestic branded food market and cost efficiencies. The Company has maintained resilient profitability. In accordance with the agency, BRF's liquidity is adequate and the Company has adequate access to credit institutions and the capital markets.

SOURCE Brasil Foods
Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs