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S&P rates JBS USA notes BB+
Standard & Poor’s said it assigned a BB+ rating to the proposed $600 million senior unsecured notes due 2025 to be issued by JBS USA LLC and its subsidiary, JBS USA Finance Inc.
The ratings reflect the credit quality of JBS USA and its parent company, JBS SA, S&P said.
The group will use the proceeds to repay JBS’s existing senior unsecured notes due 2018, which will improve its capital structure by extending debt maturities and reducing the cost of debt, S&P said.
This issuance is not expected to raise leverage, the agency added.
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