Tag: Marfrig

• Thursday, November 17th 2011 - 06:56 UTC

  Moody’s downgrades Brazilian meat corporation Marfrig from stable to negative

  

  Credit ratings agency Moody's changed its outlook for Brazilian meat processor Marfrig from stable to negative, citing what it feels is a deterioration in Marfrig's credit viability due to strong competition in the Brazilian protein sector in recent months, higher commodity prices, a global economic slowdown and currency volatility.

• Monday, September 19th 2011 - 14:17 UTC

  Brazil’s meatpacker Marfrig sells Keystone logistics arm for 400m dollars

  

  After a string of takeovers in recent years, Brazilian meatpacker Marfrig Alimentos SA said on Sunday it reached a deal to sell the logistics arm acquired when it bought US distributor Keystone Foods.