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Fitch Ratings Initiates Coverage of Adecoagro with a BB Corporate Credit Rating and Stable Outlook

  • Fitch Ratings initiated coverage of Adecoagro S.A. on September 18, 2026, assigning a 'BB' Long-Term IDRs with a Stable Outlook.
  • The rating reflects the company's strong financial profile, disciplined capital allocation, & enhanced business diversification.
  • Acquisition of Profertil nearly doubled consolidated EBITDA & cash flow generation, adding a leading fertilizers business to the portfolio.
  • Fitch expects net leverage to continue declining due to higher EBITDA generation & ongoing debt reduction.
  • Adecoagro owns 210.4 thousand hectares of farmland across Argentina, Brazil, & Uruguay, producing 3.1 million tons of agricultural products, 1.3 million tons of fertilizers, & over 1 million MWh of renewable electricity.