S&P affirms Camil Alimentos

S&P said it affirmed the BB global scale and brAA- national scale corporate credit ratings on Camil Alimentos SA.

The outlook remains negative.

The agency said the affirmation reflects an expectation that Camil will reduce debt and sustain improved liquidity following the company's IPO, where it raised R$357 million in the primary offering.

As a result, its debt to EBITDA ratio should approach 1.5x by the end of fiscal year, S&P said.

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