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Published on 1/4/2022 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.

Fitch assigns Globo notes BB

Fitch Ratings said it assigned a BB rating to Globo Comunicacao e Participacoes SA expected $400 million of senior unsecured sustainability-linked notes due 2032.

The rating is the same as Fitch’s on Globo’s $325 million of 4.843% senior unsecured notes due 2025, its other senior unsecured debt and its foreign-currency issuer rating.

The issuer will use the proceeds from the issuance to prepay part of its notes due 2025 and 2027.

The foreign-currency outlook for Globo is negative.


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