Barry Callebaut: S&P upgrades credit rating
(CercleFinance.com) - Credit rating agency Standard & Poor's has upgraded Barry Callebaut's debt rating to 'BBB' from 'BBB-' with a 'stable' outlook, citing the Swiss chocolate maker's resilient operating performance.
S&P expects cocoa producer Barry Callebaut's consistency in operating indicators over the past four years to continue, deeming the group to be well positioned to continue generating profitable growth.
In a statement, Barry Callebaut said that it was pleased with Standard & Poor's decision, which it said welcomed the continued improvement in its sales and operating profit, as well as its strong financial profile.
In Zurich, Barry Callebaut shares were up 1.4% on Friday following all these announcements.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
S&P expects cocoa producer Barry Callebaut's consistency in operating indicators over the past four years to continue, deeming the group to be well positioned to continue generating profitable growth.
In a statement, Barry Callebaut said that it was pleased with Standard & Poor's decision, which it said welcomed the continued improvement in its sales and operating profit, as well as its strong financial profile.
In Zurich, Barry Callebaut shares were up 1.4% on Friday following all these announcements.
Copyright (c) 2022 CercleFinance.com. All rights reserved.