Fitch rates Suzano notes BBB-

Fitch Ratings said it assigned a BBB- expected rating to the proposed up to $2 billion of senior unsecured notes due 2030 and 2049 to be issued by Suzano Austria GmbH and guaranteed by Suzano Papel e Celulose SA.

Fibria Celulose SA will also guarantee the senior notes, within 60 days from the consummation of its merger with Suzano.

Net proceeds from the unsecured notes will be used to finance the merger.

Suzano's foreign currency and local currency issuer default rating is BBB- with a stable outlook.

“The merger of Suzano and Fibria will result in the world's leading producer of market pulp, with an annual pulp production capacity of 11 million in an industry of 62 million tons of market pulp,” Fitch said in a news release.

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