JBS Outlook Revised to Stable

Moody’s has revised the outlook on JBS’ B1 rating to stable from positive. The move “reflects Moody’s expectation that JBS´s credit profile is not likely to improve sufficiently to warrant an upgrade in the near term,” it says. Though the meatpacker saw credit metric improvements in 3Q11, its performance does not match leverage and cash flow expectations for a positive outlook, the agency says. S&P revised JBS’s BB credit rating to stable from positive in November.