S&P rates JBS notes BB

Standard & Poor's said it assigned a BB debt rating to JBS USA LLC's and its subsidiary, JBS USA Finance Inc.'s $400 million senior unsecured notes due 2020.

The ratings are based on the BB ratings on JBS USA and on its parent company JBS SA.

The agency said it doesn't expect the bonds issuance to increase JBS's total leverage.

The company is likely to use the proceeds to pay down its more expensive, short- and medium-term debt, which would result in lower consolidated interest expenses, S&P said.

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