Fitch assigns Gerdau notes BBB-

Fitch Ratings said it assigned a BBB- rating to Gerdau SA's proposed $500 million senior unsecured note offering by its wholly owned subsidiary Gusap III LP.

The notes will be unconditionally guaranteed by Gerdau, Gerdau Acominas SA, and Gerdau Acos Longos SA.

These notes will rank equally with all of Gerdau's senior unsecured indebtedness, Fitch said.

Proceeds will be used for general corporate purposes.

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