Moody’s gives Quickfood notes Ba1

Moody's Investors Service said it assigned Ba1 global scale and Aaa.ar national scale ratings to Quickfood SA's proposed up to ARS 1 billion senior notes to be issued in the local market.

The outlook is negative.

The agency said the rating on the proposed notes mirrors the rating of BRF SA (Ba1 negative), who fully and unconditionally guarantees the instruments, which would cause an acceleration of most of the parent's debt in the event of a default.

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