Analyst hikes risk rating for AquaChile, Multiexport shares

Feller Rate rated AquaChile a "First Class Level 4" stock, but downgraded its solvency rating from "BBB+" to "BBB-".

The risk rating agency said the change was due "to the significant weakening of its financial profile arising from the sharp increase in its debt in a scenario of strong pressure on margins and operating flows in the industry."

As of 2007, the results of AquaChile, like those of the rest of the salmon farming industry, were hit by a cost increase, mainly salmon feed that accounts for 50 percent of the total production cost, the agency said.

Feed