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S&P assigns BBB to BRF bonds
Standard & Poor’s said it assigned its BBB issue-level rating to BRF SA’s (global scale: BBB/stable/--; national scale: brAAA/stable/--) proposed €500 million seven-year senior unsecured bonds.
The company will use the proceeds for sustainable investments allowed for “green” bonds’ proceeds.
S&P said the issuance shouldn’t have any effect on net leverage, as the company continues to pay more expensive debt and will strengthen BRF’s capital structure by extending maturities and lowering interest rates.
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