COMMUNITY
CAMPOSOL HOLDING PLC ANNOUNCES IMPROVEMENT IN CREDIT RATING BY MOODY´S RATINGS
Posted On: June 5, 2024Camposol Holding PLC (Camposol or the Company), a multinational company dedicated to providing fresh and healthy foods worldwide, today announced an upgrade in its credit rating.
Camposol is pleased to announce that Moody’s Ratings has upgraded the credit rating of its 6% Unsecured Senior Notes for USD 350 million, maturing in 2027, from Caa1 to B3. The outlook has been changed from negative to stable.
The improvement in Camposol’s ratings reflects increased liquidity, improved credit metrics, and reduced short-term debt refinancing risk. The stable outlook reflects the company’s enhanced operational performance, cost control, commercial execution, and liquidity management.
Ricardo Naranjo, Interim CEO of Camposol, commented: “This improvement in our credit rating is the result of the significant efforts we have made over the past year to enhance our company’s performance. Our commitment to efficient commercial execution and solid financial management is the foundation of our business strategy”.
