Moody's says potential merger between Marfrig and BRF is credit positive

• Moody's Investors Service ("Moody's") comments that the potential merger between BRF S.A. (Ba2 negative) and Marfrig Global Foods S.A. (B2 Stable) is credit positive because it will result in a company with larger scale, product, and geographic diversification.
• However, the merger will provide limited operational synergies given the different strategies and segments the companies operate.

(Source: Moody’s)