Moody’s revises Bunge view to stable

Moody's Investors Service said it affirmed the Baa2 ratings of Bunge Ltd. and changed the outlook to stable from negative.

This change reflects the sustained improvement in credit metrics to levels that adequately support the Baa2 rating.

"While consistent growth in earnings remains a challenge, Bunge's EBITDA generation has stabilized in the $1.8 billion to $2 billion range. EBITDA in this range, along with a conservative balance sheet will generate credit metrics that support the company's Baa2 rating," Moody’s senior vice president John Rogers said in a news release.

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