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Bulletin: JBS S.A., JBS USA Ratings Unaffected By Proposed Voluntary Offer To Exchange JBS S.A. Shares For Those Of Vigor Feb 12
Standard & Poors, Feb 2012
Abstract
SAO PAULO (Standard & Poor's) Feb. 10, 2012--Standard & Poor's Ratings Services said today that the announcement that Brazil-based JBS S.A. (JBS; BB/Stable/--) has proposed a voluntary public offering to exchange shares of JBS for those of its subsidiary Vigor Alimentos S.A. (not rated) won't affect the ratings on JBS or on subsidiary JBS USA LLC (JBS USA; BB/Stable/--). The offering is still subject to approval by the Brazilian Securities Exchange Commission (CVM) and also needs the consent of the holders of the bonds issued by JBS maturing in 2016, by JBS USA maturing in 2014, and by Bertin S.A.--a company that merged with JBS and that was consolidated into JBS--maturing in 2016. The total amount of these bonds is...
Companies mentioned in this report are: JBS S.A.,JBS USA LLC
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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