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Moody's rates JBS USA notes B1
Moody's Investors Service said it assigned a B1 rating, subject to review of final documentation, to JBS USA, LLC's proposed new $400 million senior unsecured notes due 2014 to be issued under Rule 144A.
The outlook is stable.
The corporate family rating of ultimate parent JBS SA is B1 and its outlook is stable, the agency said, adding that the new notes will be guaranteed by the company's domestic subsidiaries except JBS Five Rivers Cattle Feeding, LLC, by immediate parent JBS USA, Holdings, Inc. and by ultimate parent JBS SA.
The B1 rating on the new notes assumes that all guarantees of the notes will remain in effect, the agency added.
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