Sao Paulo, September 05, 2014 -- Moody's commented today that BRF S.A.'s (Baa3, stable) announced binding memorandum of understanding with Parmalat S.p.A. for the sale of its dairy business unit for BRL 1.8 billion (approximately USD 804 million) is credit positive, as the cash generation loss resulted from the sale will be small and compensated by the additional liquidity from the proceeds, which could be directed to debt reduction or to fund growth. The ratings are unaffected by the proposed deal. For further details please refer to the Issuer Comment dated September 5, 2014 and posted on www.moodys.com.

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