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Current Position:Home » News » Processed Foods » Confectionary » Topic

Barry Callebaut sees credit rating improve

Zoom in font  Zoom out font Published: 2014-07-31  Views: 82
Core Tip: Barry Callebaut has announced that Standard & Poor’s Rating Services (S&P) revised its outlook to stable from negative and affirmed the 'BB+' long-term corporate rating of the company.
Barry Callebaut has announced that Standard & Poor’s Rating Services (S&P) revised its outlook to stable from negative and affirmed the 'BB+' long-term corporate rating of the company. At the same time, S&P confirmed the 'BB+' ratings on the company's senior unsecured debt.

According to S&P, the outlook revision reflects their anticipation that the financial metrics of Barry Callebaut will stay in line with S&P’s "significant" category, thanks to continued sales revenue growth and a steady operating performance.

“We are pleased to notice Standard & Poor’s revised outlook to stable,” said Victor Balli, CFO of Barry Callebaut. “It is a result of our continuous efforts to bring our key financial metrics back to the level before the acquisition of Petra Foods’ Cocoa Ingredients Division within the next few years.”

 
 
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