JBS gets nod from financial markets
27/05/2015
S&P said: "The upgrades reflect JBS' stronger earnings margins and cash flow generation, which resulted in significant debt reduction in the past few quarters despite acquisitions of Primo Smallgoods, Tyson Foods poultry business, and Grupo Big Frango, all of which totalled about R$5 billion ($1.6 billion).
"The company's strong geographic and portfolio diversification and economies of scale as the largest global protein processor should mitigate earnings volatility."
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