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S&P rates Suzano Austria notes BBB-
S&P said it assigned a BBB- issue-level rating to Suzano Austria GmbH's planned sustainability-linked senior unsecured notes due 2032. Suzano Austria is a subsidiary of Suzano SA, rated BBB-, which will guarantee the notes.
Suzano will be required to reduce its industrial water withdrawal intensity to at least 26.1 m3/ton produced by the end of 2026 (a reduction of 12.4% compared with 2018 as the baseline year) and to increase to 30% or more the share of women in leadership positions by the end of 2025 (a 14% increase compared with 2019).
The company intends to use the proceeds to repay debt maturing between 2022 and 2024 and for general corporate purposes.
“This will extend Suzano's debt maturity profile, with no changes in terms of seniority or structural subordination in its capital structure,” S&P said.
The outlook is stable.
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