Moody's rates AMS foods notes B2/A1.ar

Moody's Latin America said it assigned a B2 global scale rating and A1.ar national scale rating to AMS Foods' expected issuance of up to $1 million guaranteed Argentine peso-linked notes at the current rating level of its financial guarantor, Aval Rural SGR.

At the same time, Moody's assigned a Caa3 global local currency corporate family rating to AMS Foods International SA.

The outlook is negative.

The net proceeds from the notes offering will be used to finance AMS Foods' working capital requirements.

Moody's said the rating is supported by AMS Foods' well-established "NatureCrops" brand name, balanced export business with presence in 6 countries, low leverage for its rating category and attractive industry growth trends.

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