S&P rates Embraer notes BBB

S&P said it assigned a BBB rating to Embraer Netherlands Finance BV's proposed $500 million 10-year senior unsecured notes.

The parent company, Embraer SA, will fully and unconditionally guarantee the issuance.

The rating on the issue reflects the credit quality of the parent company, S&P said.

The proceeds will be used for general corporate purposes, the agency said.

S&P said it doesn’t expect the issue to impact the company's leverage significantly.

The issue is in line with Embraer's strategy to maintain its exceptional liquidity and anticipate cash flow needs to offset any potential market volatility, the agency explained.

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