Moody’s gives Baa3 to Raizen notes

Moody’s Investors Service said it assigned a Baa3 rating to the $725 million of notes due 2027 issued by Raizen Fuels Finance SA and guaranteed by Raizen SA and Raizen Energia SA.

Raizen Fuels Finance sold the 2027 notes on Jan. 20, 2017, with an initial value of $500 million and a 5.3% coupon. On July 7, 2020, it issued an additional $225 million of notes with identical terms and conditions.

Moody’s concurrently affirmed the guarantors’ Baa3 issuer ratings.

The outlook is stable.

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