| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers J > Headlines for JBS Luxembourg Sarl > News item |
Moody’s gives JBS USA notes Baa3
Moody's Investors Service said it assigned a Baa3 rating to the planned senior unsecured notes due in 2034 and in 2053, respectively, to be co-issued by JBS USA Lux SA, along with wholly owned subsidiaries JBS USA Food Co. and JBS Luxembourg Sarl. The co-issuers are indirect wholly owned subsidiaries of JBS SA.
JBS SA, JBS USA Holding Lux Sarl and certain other indirect parent companies of JBS USA will guarantee the notes.
“The transaction will have no material effect on JBS USA leverage, as net proceeds will be used mainly for liability management, while the issuance will lengthen the company's debt maturity profile,” Moody’s said in a press release.
The outlook is stable.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.