Fitch initiates Adecoagro coverage with BB issuer rating, stable outlook - AGRO News | RalliesFitch initiates Adecoagro coverage with BB issuer rating, stable outlook
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AGRO• Fitch assigns Adecoagro a BB rating and stable outlook
- Fitch initiated coverage of Adecoagro with a BB corporate credit rating, assigning BB long-term local-currency and foreign-currency IDRs.
- Outlook set at stable.
- Rating reflects a stronger financial profile following the Profertil acquisition, which nearly doubled consolidated EBITDA and cash flow.
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