Link to Fitch Ratings' Report: 2016 Outlook: Colombian Food (Prospective
Modest Deleveraging)
https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=874290
Fitch Ratings expects the Colombian food sector to remain stable during 2016, despite the current slowdown of economic activity, according to a new report published today.
Pressures from rising inflation, the depreciation of the Colombian peso and weakened consumer confidence should be offset by strong brand positioning, geographical and product diversification and operational generation ability. Lower commodity prices will continue giving some cushion to most companies in the sector.
Fitch expects Colombian food companies to have room for debt reduction in 2016 given an operating cash flow strengthening and capex spending becoming moderate. Due to debt-funded merger and acquisition activity, several Colombian food companies have limited leverage headroom.
The full report '2016 Outlook: Colombian Food' is available at 'www.fitchratings.com' or by clicking on the link.
Additional information is available at 'www.fitchratings.com'.
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Contacts:
Jose Luis Rivas, +57 1 326 9999 ext.1016
Associate
Director
Fitch Ratings Colombia
Calle 69A No. 9-85
Bogota,
Colombia
or
Catalina De Mendoza, +57 1 326 9999 ext. 1026
Analyst
or
Media
Relations:
Alyssa Castelli, +1-212-908-0540
New York
alyssa.castelli@fitchratings.com