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Published on 8/19/2022 in the Prospect News Emerging Markets Daily, Prospect News Green Finance Daily and Prospect News Investment Grade Daily.

S&P rates JBS USA notes BBB-

S&P said it assigned its BBB- issue-level rating to the new notes issued by JBS USA Food Co., JBS USA Lux SA, and JBS USA Finance Inc. The new notes will be also guaranteed by JBS SA.

The new notes will be exchanged for the $1 billion bond due 2027 that JBS USA Food issued and for the unrated $1 billion 3.625% bond due 2032.

The outlook is stable.


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