Moody's affirms Ferreycorp's Ba1 ratings, stable outlook
Rating Action: Moody's affirms Ferreycorp's Ba1 ratings, stable outlook. Global Credit Research- 18 Dec 2018. New York, December 18, 2018-- Moody's Investors Service, affirmed Ferreycorp S.A.A.' s Ba1 corporate family rating and the Ba1 rating on its 4.875% USD 300 M Senior Guaranteed Notes due 2020. The outlook is stable.Ferreyros is engaged in the import, distribution, and sale of industrial machinery and equipment, including tractors and spare parts for the agriculture, construction, transport, fishing and mining industries. Co. also provides repair services. Co.'s product line includes Caterpillar earth movers, bulldozers, and electric generators; Perkins engines; Ingersoll Rand pile drivers; Chevrolet trucks; and Massey-Ferguson tractors.
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