Fitch Ratings revised outlook on Raizen Energia to stable and affirmed at "BBB" (LT Int. Scale (foreign curr.)) credit rating

June 19, 2017 - CBonds

 

Fitch Ratings affirmed the "BBB" LT Int. Scale (foreign curr.) credit rating of Raizen Energia on June 16, 2017. At the same time the rating agency revised outlook to stable from negative.
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Issuer: Raizen Energia
Issuer profile:
Raizen (Raizen Energia S.A.) is a Brazilian company which operates in the sugar-energy industry. It produces and sells cane sugar, produces and sells ethanol products through a network of Shell-brand... more
Outstanding issues:
1 issuesUSD500,000,000
3 issuesBRL750,000,000
Issuer rating:
S&P Global RatingsBBB-/Foreign Currency LT05/23/2017
S&P Global RatingsBBB-/Local Currency LT05/23/2017
Fitch RatingsBBB/StableLT Int. Scale (foreign curr.)06/16/2017
Fitch RatingsBBB/StableLT Int. Scale (local curr.)06/16/2017