The rating upgrade arises from the Liability Management initiatives which led to the debt's lengthening and cost reduction, liquitiy and leverage improvement and a better casflow generation outlook, from financial expense reduction, continued solid results from Keystone and favorable scenario for the Brazilian beef industry.
On the National Scale, the rating was upgraded from "BBB+ (bra)" to "A (bra)".
José Eduardo de Oliveira MironChief Financial and Investor Relations Officer
Marfrig Global Foods S.A. IR CONTACTSAv. Queiroz Filho, 1560 - Bloco 5 (torre Sabiá) - 3º andar (sala 301) - Vila Hamburguesa - São Paulo - SP - CEP: 05319-000 Phone Number: +55 (11) 3792-8907 www.marfrig.com.br/ri e-mail: ri@marfrig.com.br
Marfrig Global Foods SA published this content on 17 October 2016 and is solely responsible for the information contained herein.
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Original documenthttp://ir.marfrig.com.br/EN/Documentos/4091_Notice to the Market 101716 Fitch.pdf
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