Other Events ·
Fitch Ratings initiated coverage of Adecoagro S.A., assigning a BB Long-Term Local and Foreign Currency Issuer Default…
AGROAdecoagro S.A.
Fitch Ratings initiated coverage of Adecoagro S.A., assigning a BB Long-Term Local and Foreign Currency Issuer Default Rating with a Stable Outlook. The rating reflects the company's strong financial profile, disciplined capital allocation, and enhanced diversification following the acquisition of Profertil, which nearly doubled consolidated EBITDA and cash flow generation. Fitch expects net leverage to decline due to higher EBITDA and ongoing debt reduction. Adecoagro operates in the agricultural sector, producing crops, fertilizers, and renewable electricity across Argentina, Brazil, and Uruguay.