JBS's geographic diversification satisfies Fitch - leatherbiz: Leading Leatherbiz

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JBS's geographic diversification satisfies Fitch

23/10/2013
Rating agency Fitch has upgraded JBS to 'stable' after it downgraded it to ‘under observation with a negative outlook’ following the Brazilian packer and tanning group’s purchase of the Zenda tannery and meat company Seara from Marfrig Alimentos in June.

Johnny da Silva, director of Fitch, said: "The ratings of JBS are grounded by a strong business model. The company is the world's largest beef and leather producer. Geographic diversification of the company's products helps to mitigate risks related to health restrictions and trade.”






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