S&P rates Raizen notes BBB-

S&P said it assigned a BBB- rating to Raizen Fuels Finance SA's proposed senior unsecured notes.

The notes will be fully and unconditionally guaranteed by Raizen Combustiveis SA and its sister company, Raizen Energia SA, jointly referred to as Raizen.

The proceeds will be used for corporate purposes, repaying more expensive and shorter-term debt and extending the maturities profile, S&P said.

The agency said it doesn't expect the issuance to have any impact on Raizen's leverage metrics.

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