The solvency rating of Multiexport Foods S.A. reflects its lower ability to generate operating flows in the short term, its high debt level and limited financial flexibility.
These risks are partially offset by the quality of its processes and its good level of market and customer diversification, the credit rating agency said.
Feller Rate downgraded the solvency rating of Multiexport from “BBB“ to “B+” in March because of a decline in its financial profile due to the company’s significant drop in operating performance and high level of debt.
The
