S&P rates BRF notes BBB

S&P said it assigned a BBB rating to BRF GmbH's proposed senior unsecured notes.

The notes will be unconditionally and irrevocably guaranteed by the parent company BRF SA, the agency said.

The proceeds will be used for debt refinancing, extending the maturity of its debt profile and lowering interest costs, both of which won't have an impact on its net leverage position, S&P said.

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