S&P rates JBS notes BB-

S&P said it rated BB- the notes to be sold by JBS USA Lux SA, JBS USA Food Co. and JBS USA Finance Inc.

The planned $1 billion of senior unsecured notes due 2030 have a 3 recovery rating. The 3 rating indicates an average recovery expectation of 50%-70% (rounded estimate of 65%) for senior unsecured creditors in case of default.

The notes will be guaranteed by JBS USA’s parent, JBS SA.

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