Jalles Machado, one of the largest producers of sugar and ethanol in the Midwest region, informs the market that, on this date, Fitch Ratings has raised the Company's corporate ratings on a global and national scale.
The ratings on global and national scales were upgraded from ‘B+’ to 'BB-' and from 'A-' to 'A', respectively, both with a stable perspective. The Agency states, according to the published report, available in the Fitch Ratings website and Company IR website, that the improvement is a result of the continuous operational cash flow generation capacity, of the strong business model, given the high added value portfolio, and the comfortable liquidity level of Jalles Machado, with a robust cash flow that allows a debt coverage ratio of 1.5x, according to the Agency's calculations.
Jalles Machado understands that the improvement in the rating level is a reflection of management's continuous effort to reduce costs by seeking greater operational and financial efficiency of its assets and diversifying the product portfolio, since the company's creation, 37 years ago, which allows less dependence on commodities.
The perpetuity of Jalles Machado is based on its business professional management, conducted in an ethical and transparent way, focused on the quality of its products and search for the best return for all its stakeholders.
Farm São Pedro - Rodovia GO-080 - Km 75.1 Zona Rural - PO Box 04, Zip code: 76388-899 - Goianésia - Goiás - Brazil - Phone: +55 (62) 3389-9000