S&P Global Ratings downgrades Foreign Currency LT credit rating of JBS to "B+"

June 16, 2017 - CBonds

 

S&P Global Ratings downgraded from "BB" to "B+" the Foreign Currency LT credit rating of JBS on June 14, 2017.
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Issuer: JBS
Issuer profile:
JBS S.A. is the largest Brazilian multinational in the food industry, producing fresh, chilled, and processed beef, chicken and pork, and also selling by-products from the processing of these meats. ... more
Outstanding issues:
7 issuesUSD6,025,000,000
Issuer rating:
Moody's Investors ServiceB2/LT- local currency06/09/2017
S&P Global RatingsB+/Foreign Currency LT06/14/2017
S&P Global RatingsB+/Local Currency LT06/14/2017
Fitch RatingsBB/LT Int. Scale (foreign curr.)05/22/2017
Fitch RatingsBB/LT Int. Scale (local curr.)05/22/2017