Fitch rates JBS USA notes BB

Fitch Ratings said it has assigned a BB rating to the proposed $750 million unsecured notes due in 2025 to be jointly issued by JBS USA, LLC (JBS USA) and JBS USA Finance, Inc.

The purpose of the issuance is to repay debt, Fitch said.

According to the agency, JBS' ratings are supported by its strong business profile as the world's largest beef and leather producer. With the acquisition of Seara from Marfrig Alimentos SA in 2013, JBS became the second-largest producer of processed meats in Brazil.

The company's product and geographic diversification help mitigate risks related to disease and trade restrictions, the agency added.

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